Small business payments provider SumUp is expanding into the consumer space with a digital wallet designed to make shopping locally easier and more rewarding.
The UK-based fintech’s first ever direct-to-consumer offering, the SumUp Pay app offers a secure payment mechanism for consumers and comes equipped with several features, including a virtual card and an integrated loyalty scheme focused on supporting local businesses.
SumUp Pay is now available for free in the UK, Germany and Italy via Apple’s App Store and Google Play Store. New customers are also entitled to receive a £10 points bonus on signing up to be spent at any SumUp merchant.
Pedro Branco, head of consumer business at SumUp, commented: “Today is a proud day for everyone at SumUp as we expand our product offering into the B2C space for the very first time. Our all-in-one loyalty e-wallet app not only offers a convenient payment mechanism for consumers to pay bills, purchase goods, or transfer money to their friends, but also rewards them for each penny they spend.”
“With SumUp Pay, we hope to create a mutually beneficial ecosystem between local businesses and consumers, by incentivising millions of people to shop locally and providing our merchants with yet another tool to support and help them grow their business.”