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European M-Payments Company Payleven Signs Berlin Taxi Firm To Chip & PIN Trial

Square has Starbucks and now Square-clone Payleven, which is backed by Germany’s Rocket Internet incubator/investor, has signed up Berlin taxi association — Taxiverband Berlin (TVB) — to trial its Chip and PIN payment dongle. Payleven also makes a smaller magnetic swipe dongle for taking mobile payments but taxi drivers have opted to kick the tyres of the (presumably more secure) Chip and PIN system. Payleven currently only offers this in the European countries where it operates. Its swipe & sign system is available across its entire rollout footprint.

Payleven has launched in the U.K., Germany, the Netherlands, Poland, Italy and Brazil but has not broken out any customer numbers, so it remains to be seen how much traction it’s getting for its SMB mobile payments system. In the U.K. and Germany customers of its app plus dongle system pay 2.75 percent per transaction — with no minimum revenue or monthly fees. Card payments from €1 can be accepted.

via European M-Payments Company Payleven Signs Berlin Taxi Firm To Chip & PIN Trial, Claims Chip & PIN “Necessary” For Visa Mobile Payments | TechCrunch.

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