
Introducing GoPago LIVE
GoPago, a cloud-based mobile payment app backed by JPMorgan Chase, introduces GoPago LIVE which replaces merchants’ cash registers with 4G enabled tablets and POS software (view press release). GoPago LIVE claims to be the world’s first free PaaS provider. All equipment and tech support comes free, with merchants instead paying a fixed 2.85% credit card transaction fee. Merchants get paid within 48 hours and cash transactions are free.
The Android tablet comes pre-loaded with GoPago software that automatically syncs and upgrades, provides real-time business analytics, has a mobile app interface built in and Verizon Wireless 4G connectivity. In addition, the system comes with a tablet stand, cash drawer, receipt printer and credit card reader. GoPago LIVE allows for a highly customised menu of services. The mobile app, available on iOS and Android is integrated into LIVE so merchants have an instant mobile shop front for customers to browse, order and pay on their smartphones.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more