As of now, the payleven Chip & PIN card reader is available on Monte Paschi Banque’s website at special rates. With Monte Paschi Banque as a first financial institution partner in France, payleven further broadens its global partner portfolio.

Clients of Monte Paschi Banque can now easily access payleven’s cost-efficient card payment technology and profit from a reduced device price as well as a lowered standard transaction fees.

Konstantin Wolff, Managing Director and Co-Founder of payleven: “With Monte Paschi Banque, we won a trustworthy and reliable partner for our solution in France, thereby facilitating the access to card payments for small and medium sized businesses. The partnership demonstrates how an established financial institution and a financial technology company can successfully shape the future of payments.”

“Mobile payment (mPos) solutions are, for us, tailored to SMEs, tradesman, soletraders and liberal professionals. Not only due to pricing, but also because of their features and ease of use. The partnership we have with payleven is allowing our bank to provide an mPOS solution and therefore, bring added value to our services. This decision is in line with our value of innovation at Monte Paschi Banque”, says Fabio Farrugia, Director of Cash Management Department at Monte Paschi Banque.

The payleven Chip & PIN solution has no monthly fees and no contractual lock-in. Beyond card payments, the solution provides tools that help entrepreneurs to manage their business, such as sales reporting and sending electronic receipts to the customer via SMS and email. payleven works with a wide range of valuable partners across different business segments. By doing so, the company increases the availability of its solution with the aim of making card payments accessible for businesses of all sizes.