Today, payabl., a leading payments company, announced the launch of its point-of-sale (POS) solution for in-person payments. Initially to be rolled out in Cyprus with other countries to follow, the payabl. POS terminals will allow retailers to embrace the possibility of omnichannel selling, and accept transactions made with Visa and Mastercard as well as mobile payments like Google and Apple Pay.

Research from Harvard Business Review reveals that omnichannel shoppers spend 4% more on every buying occasion in store, versus single-channel shoppers. The payabl. POS terminals aim to unlock this potential, by creating an easier omnichannel payment experience for retailers, allowing them to use one provider for both online and in-store payments. The launch of the terminals also acts as a key catalyst in payabl.’s ambition to become a single provider for the entire spectrum of merchants’ payment needs.

“With the addition of the payabl. POS terminal, we’ve filled in the missing piece of our platform and achieved a full product suite that seamlessly combines card-not-present and card-present transaction processing. This empowers merchants with a unified, omnichannel platform, ensuring convenience and efficiency throughout their operations. The launch is part of our steady progress towards unveiling payabl.one, a new platform which will cater for all financial needs of merchants.” said Ugne Buraciene, Group CEO at payabl.

Theodoros Hadjistyllis, Head of Acquiring & Cyprus Country Manager at payabl., said “We’re really excited to be launching the payabl. POS terminals today and expanding our offering into the omnichannel space, and it’s fantastic to be doing so in collaboration with Mastercard. Not only is the launch a crucial part of our company’s growth journey, it also supports our mission of fuelling growth for merchants. Launching the POS offering in Cyprus is the first stage of our product rollout ambitions as we plan to expand the offering across the EU later this year.”

payabl. has a strong presence across the EU, with its headquarters of almost 100 team members based in Limassol, Cyprus. The paytech is addressing a crucial need with the rollout of its POS terminals across Europe, beginning with Cyprus, replacing the outdated, incumbent systems which use a closed loop operating system, with API-based, agile and android POS terminals.

Isidoros Mezopoulos, Manager at Mastercard, said “We are thrilled to collaborate with payabl. on their new POS terminals solution, which will simplify accepting card payments for retail establishments of all sizes. Payments should be a safe and seamless experience for everyone, therefore we at Mastercard believe solutions like these can assist businesses save time and money and focus on what they do best - serving their customers.”