Fintech company SumUp has launched its own pre-paid card in partnership with Mastercard. The SumUp Card will enable merchants to gain quicker access funds collected via SumUp as it will no longer require money to be transferred out to a third-party bank account first. The London-based firm allows small businesses to take card payments via its device and online.
With the SumUp Card, SumUp merchants can get benefits like guaranteed next-day payouts and low FX rates. The SumUp card supports online, contactless, and Chip-and-PIN payments and has no monthly fee. Available immediately in the U.K., Italy, and France, with plans to extend the service to further territories in the next 12 months.