One year after bringing its e-commerce technology to the U.S., SumUp is launching Air Register, giving mPOS software providers an all-in-one hardware solution to offer customers. Air Register enables merchants to accept chip and magnetic stripe cards as well as contactless payments from Apple Pay and Android Pay. SumUp’s all-on-one configuration comes with an iPad mini and a thermal receipt printer enclosed in a wood case made from sustainably forested oak.
Besides “enabling our partners to offer their apps in a stunning package,” SumUp CEO Daniel Klein says the solution makes it easier for tablet-based cash-register providers to connect apps to SumUp’s open-payments platform.
Founded in 2011, SumUp demonstrated its technology at FinovateEurope 2013. The company teamed up with fellow Finovate alum Holvi in August 2016 to provide greater payment options to small businesses in Germany. SumUp merged with Payleven this spring, creating a payment-processing powerhouse transacting more than €1 billion a year across 15 countries. Last month, SumUp announced it had reached profitability, nearing $100 million in annual revenue. “We are the world’s first company to prove that empowering small merchants with card acceptance can be a profitable business,” Klein said in a statement, “despite tight margins in the long tail.”