Mobile payments leader payleven has announced new measures to both simplify the process by which merchants can accept card payments and open up its services to non-business users.
Firstly, by streamlining the registration process and removing the requirement that merchants submit proofs of ID and address, payleven has made the signup and approval process almost instant. This overriding of the previous time-consuming paper-based process through the use of electronic ID check technology has removed a key barrier to wider card acceptance.
Secondly, where traditional card terminal providers often restrict their services to businesses, payleven is now offering private individuals the opportunity to sign up as receivers of card payments.
Both of these innovations are available now in the UK and will be soon be rolled out to the company’s other markets in Germany, Italy, Netherlands Poland and Brazil.
Alston Zecha, payleven’s COO and founder , commented:
“It is no secret that cashless payment is the future, and the democratisation of card acceptance is a key element in this evolution. Today marks a major milestone for payleven on that journey as we have solved two long-standing problems faced by the payments industry- designing a simple, instant signup process and empowering individuals as merchants.”
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