ANGUS small businesses could be set to benefit from new technology which will make accepting card payments easier.
The mPowa app allows traders to take payments instantly and consists of a mobile ‘phone app and a reader which connects to a smartphone. It works by using the smartphone to scan a card’s magnetic strip, or in the case of chip and pin, insert it into the reader. Chief executive of Powa Technologies, Dan Wagner, said: “I am always speaking to businesses that squander valuable time chasing late payments because they were unable to take the money upfront in the first place. This problem is crippling companies who are already struggling in this difficult economic climate and many are having to close their doors because of this. mPowa will be an invaluable service for accepting payments whether the point of sale is the doorstep or the shop floor.”