Payments provider SumUp has teamed up with Google Pay to allow merchants to make more efficient transactions using the SumUp Card.
Through the alliance, existing SumUp cardholders in the UK, France, Italy, and DACH, can now add the card to their mobile wallet, and start using it immediately.
Other merchants can also create virtual cards via Google Pay to start using all the benefits of the SumUp Card until the physical card arrives.
Dimitri Gugunava, VP Banking at SumUp, said: “At SumUp, we’re always looking to help our merchants find new ways to improve their businesses, particularly as we move out of this pandemic and hopefully towards a more economically positive future.
“Collaborating with Google Pay is a really important development for us, because it means we can remove layers of friction for small businesses who need to make quick (but safe) payments on the go.”
Making it easier for merchants
The SumUp Card is a free Mastercard that gives merchants next-day access to the payments they receive through SumUp, even on weekends. Merchants can use the card online, in-store or at the ATM – wherever Mastercard is accepted.
Google Pay aims to make it easier for SumUp merchants to pay and check out – cardholders will not need to remember all their details or fill out forms. Instead, merchants can pay with a few steps.
The announcement comes after SumUp received a €750m ($893m) investment in March to support its expansion plans.
The round involved the participation of Goldman Sachs, Temasek, Bain Capital Credit, Crestline, as well as funds managed by Oaktree Capital Management.
Using the fresh capital, SumUp intends to expedite its growth plans, and acquire and support its merchants in 33 markets. It also plans to expand its product line-up with the infusion, through organic developments and merger and acquisition activities, and also refinance existing debt facilities.