Spain-based Banco Sabadell announced a partnership with Ingenico to enter the mobile POS market with a new app and dongle, reported Finextra. Banco Sabadell’s mPOS was originally created for the iPhone, and operates for both chip and mag-stripe cards. The bank revealed it will soon launch an equivalent app for smartphones that operate on Android and other software systems.
The partnership will allow Banco Sabadell to join a small network of banks partnered with mPOS device providers. These partnerships will help the bank push into the mPOS market.
“Integrating the POS terminal into the smartphone, not just reduces costs, but it also offers several added-value choices, such as the possibility of accessing, via a single device, the mPos terminal and BS Mobile to manage business transactions,” Albert Figueras, director of credit cards and consumer finance at Banco Sabadell said.
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