iZettle launches new system to support mobile payments

New point-of-sale system will support mobile transactions made through various services

Sweden’s iZettle, a developer of point-of-sale systems, has launched a new mobile point-of-sale product that is meant to work with both chip and PIN mobile payments. The product has an emphasis on Apple Pay and similar payment services. These services have become quite popular with consumers because they allow people to make payments with their mobile devices. This is considered a convenient way to pay for products, but there are relatively few mobile point-of-sale systems that are available in the retail space.

Global launch of new system expected to occur later this year

Growing demand for these systems has lead iZettle and other companies to develop new products that can accommodate changing trends in the retail space. The company’s new system, called the Card Reader Pro Contactless, will be distributed to select partners in the United Kingdom. A broader launch will come in June. Global launch will occur in the following months. The system itself costs approximately $122, with price variations depending on certain markets.

Small retailers may find benefit in iZettle’s new product

The new system may be particularly useful to small companies that are interested in mobile payments. Small retailers have been slow to embrace mobile payments because of the costs associated with converting conventional point-of-sale systems into mobile capable systems. Smaller retailers want to engage mobile consumers, but do not necessarily have a way to support mobile payments. The new point-of-sale system could help solve this problem by giving these retailers the tool they need to finally break into the mobile space.

System could be an effective way for retailers to engage mobile consumers

The mobile system will support numerous mobile payments apps, including Google Wallet. The system is meant to cater to the convenience of mobile payments and allow both retailers and consumers an easy and effective way to engage in a new form of commerce that has emerged as a result of mobile technology. Of course, iZettle is not the only company to bring a mobile point-of-sale system to the market, so it will have to compete with others in the retail space to find success.