New e-payment service provider enters Polish market

Luxembourg-based iPay International will offer Polish business clients mPOS, a mobile terminal accepting card payments, Rzeczpospolita daily reported. One does not have to create a bank account, one will be given the device, a seller account (operating as a so called iWallet) and a Mastercard card. mPOS accepts all of the most popular debit and credit cards. The offer is targeted at small points of sale, whose owners cannot afford payment terminals. However, every transaction will be charged a commission ranging from 1.5 percent to 2.75 percent of the transaction value.