Canadian credit union cooperative Desjardins Group is offering mobile credit and debit card readers for small businesses.
Monetico Mobile and Monetico Mobile + are aimed at on-the-go or self-employed workers like plumbers, painters and other merchants.
They are composed of an Android and iOS-compatible keypad which can read customers’ Visa and MasterCard chips, and an app. Monetico Mobile + offers additional functionalities, including product catalogues, invoices and other business expense management tools.
Desjardins makes its move as mobile point of sale provider Square broadens its capabilities to boost its appeal to Canadian merchants. Canada is a global hotspot for payments technology, with mobile point of sale providers including U.S. Bancorp and Intuit.