SumUp Unveils Optimized Terminal for Large Accounts

Specialist in the acceptance of payments and deployment of cashing offers, UK FinTech SumUp has emerged on the market by initially targeting small traders wishing to benefit from a simple and convenient cash-out solution, via a smartphone. But its ambitions have been strengthened over the years. Its new Terminal defends an optimized approach, notably thanks to AI.

FACTS

• SumUp Terminal is presented as an all-in-one payment terminal (TPE) designed to meet the evolving needs of growing businesses.

• It supports a card reader, a cashier system, an order-taking tool and a receipt printer module. SumUp defends the idea of offering an all-in-one device allowing its customers to make receipts in a situation of mobility.

• The restaurateurs are thus particularly cited as a potential target for this new offer while their need is also turned towards cash in the room.

• SumUp Terminal also embarks the latest artificial intelligence technologies, useful from the device configuration stage. Equipped with a camera, the SumUp Terminal can scan the entire menu from a single photo. The device automatically creates a digital catalogue, which can be modified, to make it as easy as possible to enter commands.

• Several employee profiles can eventually be created to manage access to sales reports for example.

• SumUp Terminal is available in France and more widely in Europe. It is proposed at the single rate of 169 euros.

ISSUES

• Completing its offer : Today, SumUp completes its position as a complete player in cashing. Its new Terminal model defends a "all in one" approach capable of meeting the needs of large accounts, including in situations of mobility. Its relevant integration of Artificial Intelligence technologies also enhances its promise of simplicity and practicality.

• Responding to competition : The launch of SumUp Terminal allows SumUp to secure new market shares in France and Europe, while other players have recently expressed their interest in cashing by proposing their own solution. This is particularly the case with Qonto in France. The French FinTech specialising in the proposal of financial services to companies has recently enriched its offer in proposing to its target BtoB an innovative cashing solution. Last March, it's also the British neobank. Revolut who insured the deployment of its Terminal offer in Spain.

PERSPECTIVE

• SumUp presents Terminal as a successful and scalable solution capable of meeting many cash-out needs. And its ambition does not end there since the British FinTech has already planned to integrate other features into its Terminal later on: barcode scanning, table management solution, multi-device synchronization for example.

Traduit automatiquement via Libretranslate / Automatically translated via Libretranslate