Estonia-based Svipe is set to launch its new card free payment solutions to retailers worldwide with financial support from the LHV Banking association and NOW! Innovations.
Called Svipe Box, the new technological gadget will be integrated with cash register systems running on ERPLY software to form a link between the merchant and its customer.
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Additionally, the box will use NFC technology to build a wireless connection between the customer’s smartphone, or mobile wallet, and the cash register system, reported ArcticStartup.
The free Svipe application will allow users to access a wide range of retailer loyalty cards, which include promotions, discounts and special offers.
Now! Innovations CEO, Üllar Jaaksoo, said: "A mobile wallet is more than just a mobile payment. We’re happy to help the Svipe team create their solutions and achieve their goals. We’re contributing with our investment as well as our knowhow to the area of mobile payments."
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