Credit card payment system Payleven has now launched in the UK, Netherlands, Poland and Brazil, after being trialed for six weeks in its home market, Germany.

The system uses an add-on card reader for smartphones coupled an app to enable users to credit merchants over the 3G mobile phone network in exchange for a percent commission plus a flat rate charged per transaction.

Payleven is set to compete with rivals’ Izettle and SumUp, which offer identical services, in the European…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?