judo payments, the UK-based mobile phone card payment provider, has announced a GBP1m competition aimed at entrepreneurs and early stage companies building apps for Android and Apple phones. judo will award GBP100,000 in free credit and debit card processing to 10 promising new UK based businesses looking to simplify the payment of services provided by their apps.
The winners of the competition will be given the opportunity to use judo’s payment processing platform, which makes it simple to integrate card processing in Apple and Android apps for one or many business users. For example, an entrepreneur will be able to create an app that makes it simple to order and pay from a table at a restaurant and sell that app into thousands of restaurants with card processing fully included using judo’s platform.
Dennis Jones, CEO of judo said: “Businesses have a hard time creating an easy way for consumers to pay for goods or services within their Apple and Android apps, leading to conversion rates at less than half of what we typically see for online businesses. For start-ups, the challenges and expense of building back-end systems for payment processing leave many businesses struggling. They either don’t have a way to simplify payment transactions or they spend most of their investment building the payments portion of their solution, leaving app functionality lacking. Consequently, many apps fail to become profitable and don’t make it past their first year. judo makes it easy to integrate the building block of payments into mobile apps for all businesses so developers can focus on the quality of the apps and services they provide.”
Businesses can apply by going to the judo website, clicking on the application link and filling out the competition form.
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