About
The startup operates a QR code-based payment platform that enables merchants to accept in-store and online payments while optimizing cash flow and reducing transaction fees. Customers benefit from earning loyalty points and accessing features like expense tracking and bill splitting, enhancing their overall payment experience.
```xml <problem> Traditional payment methods often involve high transaction fees and delayed settlements, impacting merchants' cash flow and profitability. Reliance on card networks can lead to additional costs and complexities. </problem> <solution> SSV SmartPay offers a QR code-based payment platform that enables merchants to accept payments directly from customers' bank accounts, both in-store and online, reducing transaction costs by up to 70%. Utilizing Open Banking APIs, the platform facilitates instant payment confirmations and settlements, improving cash flow management for businesses. Customers can pay by scanning a QR code, entering their phone number, or using a payment link, with secure authentication through their bank app. The platform integrates seamlessly with existing POS, DMS, and accounting software, providing a comprehensive payment solution for various business types. </solution> <features> - QR code-based payments for in-store and e-commerce transactions - SMS and WhatsApp payment links for remote payments - Web dashboard for transaction tracking and analytics - Integration with POS, DMS, and accounting software via API/SDK - Instant payment confirmation and settlements - Support for major UK banks through Open Banking - Compliant with Payment Services Directive (PSD2) and General Data Protection Regulation (GDPR) - Mobile app for merchants to manage payments and access features </features> <target_audience> The primary target audience includes retailers, restaurants, hair and beauty salons, clinics, tradespeople, automotive businesses, and legal firms in the UK seeking to reduce transaction fees and improve cash flow. </target_audience> <revenue_model> SSV SmartPay charges a transaction fee of 0.5% (plus VAT) for transactions over £50, and a flat fee of 20p (plus VAT) for transactions under £50. </revenue_model> ```
What does do?
The startup operates a QR code-based payment platform that enables merchants to accept in-store and online payments while optimizing cash flow and reducing transaction fees. Customers benefit from earning loyalty points and accessing features like expense tracking and bill splitting, enhancing their overall payment experience.
Where is located?
is based in London, United Kingdom.
- Location
- London, United Kingdom 0