Italian Bank to Offer payleven mPOS System (Sept. 23, 2013)
Europe-headquartered mobile payments provider payleven has inked a deal to make the company’s mobile payment card reader system available to clients of Italian bank BancoPosta. Under the agreement, the state-owned bank will offer SMEs and micro-merchants the ability to accept payment cards through payleven’s smartphone- and tablet-based mPOS technology, starting in October. Users can sign up at BancoPosta locations and Poste Italiane post offices and must either have an existing account with the bank or open a new account to use payleven.
Since beginning rollout in October 2012, payleven’s chip-and-PIN mobile card reader has carved out a significant space in the increasingly crowded market. In June, the company reached a deal to sell the system in Apple Inc. stores across Europe and on Apple’s Website to customers in select European countries. The same month, payleven signed on Munich-based Wirecard AG to provide acquiring and anti-fraud services for payments made via payleven.
In June, one of payleven’s competitors in the European mPOS market struck a similar deal to distribute its service via banks when Sweden’s iZettle announced Santander UK would begin offering iZettle’s reader to the bank’s British customers.
