Bambora has partnered with POS developer Payworks to launch Bambora Connect, an integrated and international solution for POS providers and their merchants.
Launching in Fall 2018, Bambora Connect is an integrated POS solution for SMEs, which has been build on the latest payment infrastructure and gateway technology. The solution will also streamline the sales process and merchant onboarding.
The pan-European solution will enable merchants to process payments via a range of card terminals, supporting independent software vendors with either mobile or stationary solutions. Merchants can accept transactions through Visa, Mastercard, and American Express in a selection of currencies including Euros, Pounds, Swedish Krona, Danish Krone, Norwegian Krone, and Swiss Franc.
POS software providers working with Bambora can integrate the new solution and onboard merchants instantly.
Founded in 2015, Bambora is a payment provider for SMEs to help them collect transactions wither online, in-store or through apps. The company, which has a processing volume of €55bn per year, offers a wireless or stationary card terminal and a personalised web portal to track all payments.
Bambora CEO Johan Tjärnberg said, “Partnering with Payworks on Bambora Connect has brought together two great companies and a plethora of knowledge, which has ensured a fantastic product for in-store payment acceptance. The POS Software market is growing at a rapid pace on a global scale and we see plenty of opportunity to collaborate beyond the SME space as well.”
Payworks develops payment gateway technology, which operates via the cloud and as a SaaS solution. The technology provides merchants with omnichannel payments processing terminal which can be integrated with their mobile or desktop applications.
The platform enables clients to process EMV, contactless and mobile wallet transactions at the POS, as well as receive analysis and management tools for transaction revenue, and data.
Earlier in the year, Payworks closed its Series B round on $14.5m, following investments from CommerzVentures, Visa, Speedinvest and Finparx.
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