Mastercard Partnership with Fintech Aims to Increase E-Payment Acceptance

PURCHASE, N.Y.—Mastercard has partnered with U.K. based Fintech SumUp, a partnership that will increase the number of electronic payment acceptance locations across 27 European countries. 

In the next five years, Mastercard and SumUp said they will bring card acceptance to several micro, small and medium-sized companies (MSMEs) across Europe, IBS Intelligence reported.

SumUp's partnership with Mastercard will enable small and medium-sized companies to accept electronic payment via card readers and digital-enabled devices, such as smartphones, smartwatches or wristbands, IBS Intelligence said.

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