Supermoney
The first startup is Supermoney a UK digital payments company. Their solution enables payments by scanning a QR code in a digital wallet. The purpose is to manage counterparty risk for buyers and sellers. The startup intends to make payments to merchants faster, cheaper, and safer. Supermoney appears to plan to compete with the likes of Stripe, but it works for in-store payments as well. So instead of taking credit card or debit card payments where merchant accounts can be expensive for the seller, Supermoney enables payments using a customer’s digital wallet. The seller can withdraw cash into their bank account.Article continues …
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