MONEI and Glop Close an Agreement to Revolutionize Payments in Physical Stores
- With this agreement, Glop customers can accept payments with credit cards, Google Pay, Apple Pay, local payment methods, direct debit, and even Bizum.
- They can also charge through QR codes on purchase tickets.
- The partnership was presented at Glop’s recent POS software event, held to bring together 86 representatives from its distribution network in Spain.
MONEI, the fintech that simplifies and speeds up digital payments and Glop, the POS software used by more than 16,000 Spanish hospitality, food, fashion, and small commerce companies, have closed a strategic alliance to help digitize and simplify payments in physical stores. This agreement was presented during Glop’s POS software event that took place in Alicante and was attended by 86 representatives from its distribution network in Spain.
The convention marked the presentation of the latest version of Glop's POS, which incorporates MONEI as its main payment provider. Thanks to this strategic collaboration, Glop customers can now accept payments with credit cards, Google Pay, Apple Pay, local payment methods, direct debit, and even Bizum.
Alex Saiz Verdaguer, founder and CEO of MONEI, has pointed out the boost that this agreement represents for improving the physical payment experience, “Both in the hospitality industry, a key sector for the Spanish economy with more than 325 thousand establishments and a contribution from 6.4% to our country's GDP, like the rest of the physical businesses, they need more efficient solutions to eliminate friction in payments and thus boost their turnover. The integration of our technology will allow businesses to streamline and personalize transactions, prioritizing convenience in payment processes."
Among the new functionalities available after the agreement, Glop PAY also stands out, an innovative solution that allows businesses to print a QR code on the invoice so the customer can scan it through their mobile phone and pay with their preferred method in a matter of seconds. The payment process is streamlined, employee travel is avoided, and table rotation is facilitated — in the case of hospitality businesses.
The POS software company also launched other tools like kiosks and self-order boxes, where when placing an order a QR code is displayed on the screen so customers can pay with Bizum or any other method of their choice. Likewise, Glop presents the Order and Pay system, which allows customers to place their orders from a restaurant table by scanning a QR code and paying for them immediately. As well as, online delivery services for restaurants with a wide range of payment methods. All this, with MONEI as its reference payment provider.
MONEI is a fintech that simplifies and speeds up digital payments. The company allows any entity to integrate with Shopify and other e-commerce platforms through a simple API. Thanks to its technology, both users and companies can combine more than 40 payment methods, local and alternative, through a single platform.
The omnichannel payments platform also has MONEI Pay, the first application (available on iOS and Android) that allows physical businesses to accept payments from their mobile phone by generating a digital QR code, thus eliminating the need for traditional POS devices at points of sale.
Likewise, the fintech integrates the MONEI Connect solution, which allows commercial platforms to manage and scale end-to-end payment experiences through a payment partner API. This tool has fully automated Know Your Customer (KYC) processes to facilitate the incorporation of new users into companies.
MONEI client funds are protected in safeguard accounts of supervised and regulated banking entities. The fintech is a member of several working groups within the European Payments Council and the European Central Bank. MONEI also has a payment entity license from the Bank of Spain, which allows it to carry out payment services, and have a contractual relationship directly with Spanish businesses.
Glop is software for the management and optimization of sales processes that replace old cash registers and optimize all the operations of a hospitality or retail establishment.
Given the need for digitalization in many establishments, Glop brings the experience of more than 25 years in the sector offering more than 16,000 clients an easy tool designed from the need for agility at the point of sale.
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MONEI is the leading omnichannel payments platform in Southern Europe.