Three imperatives to manage the cost of compliance
IT outsourcing and shared services trends
10 steps for an effective core banking system selection
Webinar | Banking Modernization to Prepare for a World of FinTech Ecosystems
Webinar | Shaky recovery times: Pursuing stability in debt collection through digital
Webinar | Buy Now Pay Later: Reshaping the Credit Industry
Microservices Architecture: Transforming the monoliths
Offering certainty in an uncertain world: Digital first approaches towards debt collection to increase recovery effectiveness
Composable Banking: Redefine Speed to Market
PayPal Holdings launched the Zettle Terminal in the U.K., an all-in-one point of sale (POS) solution offering increased mobility in-store for small businesses. The Zettle Terminal is ready to go right out of the box; it does not require a second device to pair it with. Featuring a sleek touchscreen, this all-in-one mobile point of sale system is easy to set up and use, offering small businesses simplicity and efficiency.
The Zettle Terminal is now available in the U.K. and will continue to roll out across additional markets in Europe in 2021 and into 2022 and in the U.S. next year. In 2022, the Zettle Terminal will feature an integrated barcode scanner which would provide a seamless checkout for customers on the go.
The Zettle Terminal comes with a pre-loaded SIM card. Its combined WiFi and cellular connectivity mean that small businesses are no longer dependent on fixed checkout points. It makes the checkout completely mobile; the seller is free to complete the entire checkout process, from start to finish, where the customer is on the shop floor, by the table, on the terrace, at the point of delivery or anywhere where there’s cellular coverage.
The Zettle Terminal also offers interoperability through PayPal and its vast partner network, enabling small businesses to seamlessly sell across in-person and online channels. Businesses can easily link their accounts with their best eCommerce, accounting, and banking partners Starling Bank, Intuit Quickbooks and WooCommerce.
Jim Magats, PayPal’s Senior Vice President of payments and small business solutions, said: “Small businesses, particularly in-person small businesses, have been disproportionately impacted by the pandemic. As consumer behaviour continues to move toward digital channels, small businesses need to digitise. With Zettle Terminal, we’re helping small businesses in the U.K. digitise to meet the needs of consumers who want a seamless commerce experience across all channels – in-store, online and on mobile. The Zettle Terminal is a complete, mobile in-store and omnichannel solution that offers a range of flexible payment options and interoperability across eCommerce, accounting and banking partners to help businesses run seamlessly and efficiently.”
Stay up to date with the latest Financial Technology, trending topics and insights.
© IBS Intelligence and Cedar Management Consulting International, LLC