European award-winning fintech myPOS has partnered with Samsung to introduce myPOS Glass on the Nightjet, the Railjet and on frequented regional route trains of the Austrian Federal Railways (ÖBB). myPOS Glass is an innovative Soft POS that can turn any Android phone, which supports NFC technology, into a POS terminal without the need for additional…
myPOS has partnered with Raiffeisen Bank to empower businesses in Hungary through innovative payment technology. Raiffeisen customers in the country can now take advantage of the myPOS platform and get paid across all channels: in-store, online and on the go. As a result of the unconventional partnership, everyone with a Raiffeisen account can immediately start…
The retail sector in the UK is going through some fluctuations on a month-on-month basis. Although there was an overall 0.4% drop in overall sales volumes for retail sales in November and a 2.8% drop for predominantly online retailers, the sector is still a major contributor to the economy. In fact, in November 2022, it…
Amazon may have swept through the globe as the world’s biggest online retailer, and although online shopping is here to stay, there’s much to be said for the physical in-store experience. Many people long for the days spent on Main Street where the store owners and staff knew them, greeted them by name and offered…
Dating as far back as the 18th century, retail includes markets, department stores, specialty shops and more. Aspiring entrepreneurs who are considering opening a retail store will find the opportunity to be financially lucrative and also rewarding by being able to meet their community’s needs. Whether you’re thinking of boutique clothing, make-up and beauty, accessories,…
Despite the massive shift to online shopping and online stores over the past few years, there remains an overwhelming number of shoppers who enjoy and prefer the physical in-store experience. Although many retailers have gone through challenges as a result of the Covid-19 pandemic, they remain relevant in the business landscape and will continue to…
A brief definition of “retail” is the sale of physical products to members of the public. These products are generally purchased in small quantities and their main purpose is consumption as opposed to re-sale efforts. With retail being such a daily part of our lives, it’s also not a broadly well-known or understood subject. In…
When you are running a retail store – whether online or off, it’s only natural to be thinking about your sales and the payments you receive. After all, retailers rely on customers to pay for the goods and services they offer in order to operate. That’s why optimising the payment experience of customers is an…
Financial technology has made a big difference in the way people pay and businesses accept payments. Thanks to fintech organizations, merchants these days can get their money in seconds and use it immediately. Now, one fintech is helping nonprofits do the same. The European fintech myPOS has partnered with SOS Children’s Villages Greece to help…
To succeed, businesses need to be flexible and this involves keeping up with customer demands. For Happy London, the bar and grill recognized by the British Restaurant Awards, this means using modern POS technology that can manage everything from inventory to staff. The family-friendly restaurant in Piccadilly Circus recently started using the latest myPOS devices….
Using a modern payment processing method is not only possible but vital for a successful micro-business, as it increases sales. The following Portuguese crafts business, located on the Island of Madeira in Portugal, is a good example. Guarete Figueira is a businesswoman and an artisan who survived many economical challenges and brought her dream to…
We all know what a business is in its basic form. We hear the term constantly and engage with different types of enterprises daily. Yet, when it comes down to defining the meaning of business and its characteristics, many find it difficult to explain. So, what is a business precisely, how is it structured, what…
With the ever-growing global economy, the need to facilitate international payments is becoming increasingly apparent. A solution to this can be found in the face of Dynamic Currency Conversion (DCC). The service, which offers a fixed exchange rate and certainty on the final billing amount, undoubtedly has many advantages for businesses and customers alike. But in…
In line with the growing popularity of cashless payments, the rate of credit card fraud has also increased in the UK. In the last quarter of 2021 alone, the rate rose 42%, reaching a five-year high. Expectations are that this number will continue to grow. Luckily, there are some preventative measures anyone can take to…
Nowadays, many foreign goods can be found at almost every corner market or even small local shop. This is thanks to new systems and ways of transporting, exporting and importing, which have been developed. Such is the EORI number. Even if you are not a trader or own such a business, it is still good…
