TrueLayer, one of Europe’s leading open banking payments networks, has announced that Lopay, one of the UK’s highest-rated point-of-sale (POS) solutions, now offers its real-time settlement solution to its 20,000 businesses.
With thousands of happy customers and a near-perfect rating of 4.9 in the Apple App Store, Lopay is known as the point-of-sale platform that gives small businesses more. Combined with low fees for using its service – typically less than half of some of its closest competitors – Lopay aims to help the businesses it serves keep more of their hard-earned money.
Typically, point-of-sale providers offer next business day settlement on any payments collected. This delay can cause cash flow issues, particularly for SMBs. One of Lopay’s core differentiators is offering completely instant settlement. They wanted a fast, reliable and scalable platform to support their needs across the UK and Europe and selected TrueLayer as the partner that could offer this.
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