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Revolut takes on Square, PayPal in UK with POS reader

Revolut announced this week the launch of Revolut Reader, a pocket-sized card reader designed to let merchants accept payments in person and on the go. Launching in the U.K., Revolut Reader offers instant and secure transactions for debit and credit cards, along with contactless payment methods.

“The launch marks Revolut’s move into in-person payments, as the super app continues to diversify its offering for business customers,” the company said in a news release. “Payments will become as easy as cash with Revolut Reader, but without the hassle of dealing with coins and notes.”

Tags

banking, payments, uk