back Back

New payments app ‘tapeeno’ turns Android phones into card readers

By Gloria Methri

February 15, 2023

  • Card Payment Solutions
  • Card Reader
  • Credit Card Processing Solution

tapeeno, UK, card processing, mobile card reader, payment acceptance, card payments, FinTechTapeeno, the first mobile card reader to use Faster Processing payments has launched in the UK. Developed by card machine specialists UTP Group and the credit card processing system Faster Processing, the tapeeno app transforms any Android phone into a card reader that can process transactions within one hour.

This helps in reducing the funding delay most businesses experience when taking payments on other card machines or payment acceptance devices.

Successfully trialed in the UK for two months, tapeeno offers customers a quick, easy, and flexible card payment solution without the need for investing upfront in additional hardware or committing to long-term contracts.

With no fixed costs or hidden charges, customers using tapeeno will pay a 1.50% transaction fee for any card payments, making it ideal for start-up businesses, and growing ventures.

Jaime Lowe, Sales Director of UTP Group, said, “tapeeno was developed as a quick, convenient, and secure card payment solution for small businesses that are just starting out and don’t want to commit to upfront costs or long-term contracts. It’s ideal for hobbies, mobile traders, or businesses turning over less than £2,500 a month and needing a reliable and safe way to process customer payments.

Heb added, “tapeeno’s utilisation of Faster Processing’s technology means there is the huge advantage of receiving funds far more quickly than other card machines or payment acceptance devices.”

Customers who sign up for tapeeno will need to complete an online application form via the website, provide the required ID, and download the tapeeno app to their phone. Approvals are processed within 24 hours.

tapeeno accepts all contactless payments made by Mastercard and Visa and is currently available to download from the Google Play Store on Android phones. The app will be available to use on Apple phones later this year.

Previous Article

February 15, 2023

FinTech North announces partnership with Leeds Building Society

Read More
Next Article

February 15, 2023

Savii goes live in UAE with launch of Visa card for youth

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024

Card Payment Solutions

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Capital on Tap renews partnership with GDS Link

Read More


Systems Limited & Formpipe team to drive digitalisation for MEA banks

Read More


Worldline & Antenor enable contactless payments at Selfly Store vending machines

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024