Wireless network operator T-Mobile US has unveiled a new mobile point-of-sale (mPOS) service, dubbed GoPoint, for small to medium businesses. This marks the company’s entry into mobile payments market.

The new solution eliminates the fees charged by mPOS providers by offering free same-day funding without software licensing fees.

GoPoint is intended to speed up cash flow and cut expenses for small businesses.

In addition, one GoPoint account provides up to 90 employees with tools, reporting and insights required for managing sales transactions, tracking inventory and obtaining analytics.

GoPoint also provides all-time live technical support.

T-Mobile for Business executive vice-president Mike Katz said: “T-Mobile is on a mission to eliminate pain points for consumers and businesses alike. Not surprisingly, paying fees on top of fees and waiting days for their hard-earned money is a big pain point, particularly for small businesses.

“That’s why the Un-carrier is doing payments differently – with free same-day funding, no software licensing fees and 24/7 live support from real people.”

To support its new solution, T-Mobile collaborated with global payments firm TSYS, which is responsible for GoPoint mPOS software, transaction management and same day funding.

TSYS senior president of merchant solutions Philip McHugh said: “Together, we are solving critical issues that small and medium size merchants face, while bringing simplified payment solutions to businesses that not only manages day to day tasks, but also helps them grow their business.”

T-Mobile also introduced Business Marketplace, which offers business-critical mobile device management (MDM) and productivity software to small and mid-sized merchants.