Date: June 13, 2023

Payment technology company payabl. has unveiled a groundbreaking in-person point of sale (POS) solution aimed at bolstering omnichannel payment offerings for merchants. The new product, called payable.one, empowers retailers to accept payments for both online and offline purchases using a single terminal, revolutionizing the way transactions are processed.

With an eye on expanding into additional EU markets, the Cyprus-based fintech company believes that the payable.one product will streamline payment processes for retailers, ultimately enhancing their overall customer experience. This innovative solution supports a wide range of payment providers, from traditional credit card companies like Visa and Mastercard to digital providers like Apple Pay and Google Pay.

Ugne Buraciene, Group CEO at payabl., expressed excitement about the new POS terminal, stating that it completes their product suite and enables the seamless integration of both card-present and card-not-present transaction processing. This unified omnichannel platform empowers merchants with a convenient and efficient system that spans across their entire operations. Buraciene also highlighted that this release represents a significant step toward the forthcoming unveiling of payabl.one, a comprehensive platform catering to all the financial needs of merchants.

Mastercard, a partner of payabl., has welcomed the collaboration and the launch of the new POS terminal. Isidoros Mezopoulos, a Manager at Mastercard, believes that solutions like these simplify card payment acceptance for retail establishments of all sizes. By saving time and money, these solutions allow businesses to focus on what they do best—serving their customers. Mastercard emphasizes the importance of providing a safe and seamless payment experience for everyone involved.

Payabl.’s commitment to developing a complete spectrum of payment solutions reflects its ambition to become a single provider for all merchant payment needs. By introducing payable.one, the company is poised to transform the way retailers manage their payment processes, bridging the gap between online and offline transactions.

As payabl. continues its expansion plans beyond Cyprus, merchants across the EU markets can anticipate enhanced payment services, increased sales potential, and a more streamlined customer experience. With the launch of payable.one, payabl. aims to solidify its position as a leading innovator in the fintech industry, catering to the evolving needs of merchants in the dynamic world of omnichannel payments.

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