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The application turns a tablet into a POS terminal
Revolut has introduced a solution to use a tablet as a POS terminal. The POS application has been developed for installation on the iPad. It can solve many operational tasks for different types of businesses.
The UK company’s solution allows using the device as a POS terminal. This option is perfect for small points of sale and large networks. The application includes several functions that will help expand business opportunities. It also includes a card reader, which is part of Revolut’s development.
Application overview
According to company spokesperson Alex Egileor, the solution helps to optimise store operations. It has some advantages, including:
- a user-friendly interface and the ability to customise additional features;
- the company offers low transaction fees;
- round-the-clock mutual settlements;
- the application provides instant access to funds, eliminating delays in processing transactions.
Integrating the company’s POS terminal and reader takes only a few minutes. As a result, it takes less than 3 seconds to make a contactless or card payment.
The application includes many features. The company can set up customised menus for the terminal, handle branding and more. Revolut promises that the solution is flexible and easy to use.
The system is ideal for managing payment processes for restaurants and shops. The solution allows you to save money on equipping each outlet with POS terminals.
Other news from the company
Revolut’s financial platform is the basis for the new application. At the beginning of 2024, the company introduced integration with mobile wallets. This step made it possible to simplify transactions with cross-border payments. The sender can now specify the recipient’s name, phone number, or email instead of a number.
Introducing mobile wallets eliminates the need to fill in many bank details. This makes sending money more accessible and user-friendly.
The new feature is aimed at ex-pats or students studying in another country. They can send money worldwide via a dedicated app. The money arrives in the recipient’s account within 30 minutes.
Another fintech innovation is the eSIM card. It allows travellers to make internet transactions without roaming. The virtual card allows users to top up their mobile phone and use internet applications at no extra cost.
The company offers several options for top-up eSIM cards. For example, the premium package costs US$69.5 and provides 3GB of monthly traffic.
The virtual card is part of Revolut’s vision to introduce super apps for quick access to various data.