Priya Patel
TLDR:
- Revolut Business launched a new Point of Sale (POS) system designed for the hospitality sector.
- The new POS system streamlines store management operations and includes an AI-powered scam detection feature to protect customers.
Revolut Business, known for its tailored financial services for companies, has introduced a new Point of Sale (POS) system. This system, specifically designed for businesses in the hospitality sector, aims to facilitate seamless payment and order-taking processes. The new POS system not only enhances payment processes but also streamlines store management operations for businesses. This launch is part of Revolut’s strategy to solidify its position in the payment technology market for businesses. Additionally, the POS system includes an AI-powered scam detection feature, which has led to a significant decrease in fraud losses associated with investment opportunity frauds. This strategic move highlights Revolut’s commitment to providing innovative solutions for businesses in various sectors.
Jesus Romo, General Manager of In-Person Payments at Revolut, emphasized the importance of simplifying financial needs for Irish account holders through the new POS system. With Revolut POS, businesses can manage payments and POS software in a simple manner under the Revolut Business umbrella. This development showcases Revolut’s dedication to meeting the evolving needs of businesses and protecting customers from fraudulent activities.
