Revolut Business, renowned for providing tailored financial services for companies, has unveiled a new Point of Sale (POS) system.
Following a successful beta-testing phase, the newly launched iPad application now facilitates seamless payment and order-taking processes, specifically designed to meet the needs of businesses operating in the hospitality sector, according to FinanceFeeds.
This strategic move underscores Revolut’s ongoing commitment to solidify its foothold in the payment technology market tailored for businesses.
The neobank’s business division offers a comprehensive borderless financial “super app,” addressing a wide array of business requirements.
Beyond its primary function of facilitating payments and orders, the new POS system significantly streamlines store management operations for companies. This development further bolsters Revolut’s suite of technological solutions, which includes the recent introduction of an AI-powered scam detection feature.
This feature serves to safeguard customers against card scams, particularly those associated with investment opportunity frauds. Since its implementation, Revolut has reported a notable 30% decrease in fraud losses attributed to such scams.
Jesus Romo, General Manager of In-Person Payments at Revolut, commented, “Revolut values the trust from all our Irish account holders and we are actively working to simplify their financial needs. For businesses having to deal with multiple vendors on payments and POS software, we have created Revolut POS. Simple, and everything under the Revolut Business umbrella.”
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