Payleven , the mobile payment company from the Samwer bothers’ Rocket Internet incubator, is now taking orders for its chip-and-PIN readers, which it says makes it one of the first of the Square-style competitors in Europe to offer quick way to comply with Visa’s card payment requirements in the region. The readers were first announced in October 2012 ; today Payleven starts to take orders — at a price of €49 ($65) each — and will begin shipping them on February 18. “We’ve invested heavily in a tech solution that as a merchant you can accept everything from the start,” Rafael Otero, the CTO and co-founder of Payleven, told me in an interview when the company first announced its solution in October . The card readers will first be offered in Payleven’s European markets: the UK, Germany, Italy, The Netherlands and Poland.
The full story can be read/found on Payleven, The Samwer Square Clone, Surmounts Visa Hurdle With Chip And PIN Reader Now Sold In Europe