London FinTech SumUp has partnered with Mastercard to launch a pre-paid card.
SumUp enables businesses to take card payments via its device and online.
SumUp Card will enable funds to be accessed without first being transferred to a third-party bank account.
The prepaid card will be launched with Mastercard.
What does this mean?
The card will enable merchants to gain quicker access to funds via SumUp, thus improving cash flow for smaller businesses. SumUp merchants will have access to other benefits including guaranteed next day payouts and low rates for foreign exchange.