Payleven was the first company of its kind to release a chip and PIN card reader in Europe, charging around £55 for it. That device connects to the smartphone via Bluetooth, and the new version, slated for release in the second half of this year at a price of around €100, will do the same.
According to Payleven founder Konstantin Wolff:
“NFC definitely has the potential to become the market standard for contactless payments. However, until now the hurdle for SMEs has been the huge cost associated with it. By launching our new device we will be offering a disruptive solution that will help our customers to keep up with cutting edge technology, making their business even more efficient with NFC.”
The Payleven device would support all large NFC programs, such as Visa’s payWave and Mastercard’s PayPass.
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