Fintech giant Revolut has launched a new point-of-sale (POS) device aimed at retail and hospitality businesses, marking the company’s latest expansion into the Irish market.
The payments device is being launched in Ireland the and UK and will be available to Irish businesses from the end of the month.
Alex Codina, General Manager of Merchant Acquiring at Revolut, said it is continuing to invest in B2B offerings, doubling down specifically on the hospitality and retail industries.
“We’re excited to be offering Revolut Terminal as an all-in-one, powerful POS solution for our business customers,” said Ms Codina.
“A truly reliable payment solution is the difference between closing the sale and losing money – with Black Friday round the corner, Revolut Terminal is built to withstand high customer demand.”
The solution offers Revolut Pay, allowing users to earn loyalty points and discounts by paying directly from the app, with customers able to redeem their earned points for discounts on their spending.
Revolut Terminal can also be paired with its POS software to give merchants access to advanced analytics, table mapping, multi-location management and customer catalogues, streamlining the process of dealing with multiple service providers, the company said.
“We’re continuing to see lots of momentum in Revolut Business, having this summer surpassed $500m in annualised revenue and onboarding over 20,000 new customers per month,” said James Gibson, General Manager of Revolut Business.
“Revolut Terminal marks the latest investment in our business customers, with merchants of all sizes now able to easily accept payments directly into their Revolut Business accounts, without juggling multiple providers.”