Payment processor Worldpay is trialling new technology that enables small and mobile businesses to take physical card payments on their smartphones without any additional dedicated hardware.
The My Business Mobile app can accept contactless card payments of up to £30 anywhere, anytime and also accepts Apple pay and Android Pay.
London-based coffee cart business Feijoa Tree Coffee is the first to use the app as part of a six month pilot, which Worldpay will use to assess a possible larger scale roll-out at a later date and to inform further development of the technology.
Nick Telford-Reed, director of technology innovation at Worldpay, said: “By taking hardware out of the equation, we are really bringing payments into the future. This revolutionary new technology app has the potential to enable micro-businesses to benefit from taking card payments without the need for dedicated hardware. We all carry a phone in our pocket, and now these sole traders and small businesses can use that same phone to take payments. They need never miss a sale.”