SumUp expands to offer pre-paid cards for businesses

By Aisling Finn on Thursday 20 February 2020

Digital Banking

SumUp conducted a beta-testing round that involved 25,000 merchants and direct consultation with its customers.

SumUp expands to offer pre-paid cards for businesses
Image source: SumUp

 

SumUp, provider of card readers to 2m small businesses, has announced that it is launching a Mastercard-backed card for business payments.

Since launching in 2014, the company quickly became a popular choice for SMEs to collect payments via its card readers.

SumUp reports that it now has 2m merchants relying on its card readers and has an extra 5,000 joining every day.

The Mastercard-branded card will let firms to quickly and easily access their funds (rather than having to wait for payouts), monitor their finances closely and make essential business payments easily.

Marc-Alexander Christ, co-founder of SumUp, said: “This is a small card, for big ideas. Since launching our first reader, we have been dedicated to empowering merchants so they can focus on making their business as successful as possible”.

“We had this in mind when we designed our latest product, with the SumUp Card being a smart solution so we can continue being the driving force behind small businesses across the globe”.

The newly launched card will be available in the UK, Italy, Germany and France, with plans to extend this reach over the next 12 months.

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