Yello announces a 1000-terminal order from PayPlaza for its new type of universal NextgenPOS terminal Y7 and showcases it at Money20/20 Europe on Stand G122.

yello 1000 order

Payment terminal and payment services provider Yello today announced that its revolutionary new Y7 NextgenPOS terminal has received a 1000-terminal order from PayPlaza and that it showcases at Money20/20 Europe on stand G122.

Displacing the traditional EPOS or payment terminal experience, the tablet-sized Y7 removes long-established in-store pain barriers and represents a new generation of customer service and payment terminals. Y7 can accept all card and digital payment methods – from magstripe, EMV chip and pin to contactless to WeChat Pay and Yoyo.

By combining POS functionality with all payment methods, this new and fully integrated NextgenPOS payment experience is set to transform how customers interact with brands at the point of purchase, whether it’s delivering payment, loyalty and rewards in a single moment, extracting individual purchase preference data to create hyper-personalised offerings or totally removing queues in-store.

The Y7 provides great-looking, simple, secure and universal payment acceptance at an affordable price for the widest range of industries, from retail and restaurants to transportation and healthcare.

Raymond ten Cate, CEO of PayPlaza, said: “With Yello’s Y7 terminal we will be offering new capabilities to our customers that can be highly valuable.”

Mike Ausems, CEO of Yello, said: “This order from PayPlaza is an important vote of confidence for our Y7 terminal, and undoubtedly the start of a long and fruitful partnership.”

About Yello Company Ltd.

Founded in 2015 by Mike Ausems, CEO and Daniel Maurice-Vallerey, MD, globally recognized experts in payments and terminals, who previously did work for Honeywell, Ingenico, SumUp, VISA, MasterCard and Yoyo and headquartered in Paris, with offices in Madrid and Cairo.

Yello’s mission is to build simple open tools, and payment services to help with in- person service and sales. Yello offers widely deployable best-in-class NextgenPOS terminals as a service, APIs, together with our in-house (e.g Yello Retail, Yello Restaurant, Yello Loyalty) and third parties’ Business Services (via our YelloShop application store), Payment Services, Financial Services (a.o. loans) and Payroll Services.

Yello can accept universal payments methods: EMV contact and contactless, QR codes and magstripe cards, VISA, MasterCard, Yoyo Wallet, UnionPay, AMEX, JCB, SEPA DD & CT, Apple Pay, Android Pay, Samsung Pay, WeChatPay, Alipay and Yello Pay.

About PayPlaza BV.

PayPlaza is a leading global payment software company managed and driven by professionals each having over 20 years experience in the financial and payment industry. Since 2010 PayPlaza has developed a revolutionary payment platform encompassing unique solutions for Point-of-Sale card acceptance. From 2012 PayPlaza Solutions have been rolled out across Europe offering powerful advantages for their partners and clients. The PayPlaza platform is PCI level 1 certified and includes full encryption technology matching the highest possible international security regulations.

In 2018 PayPlaza processed circa +100 million transactions valuing an amount of 2 Billion Euros in Europe. The PayPlaza platform is PCI level 1 certified, including P2PE encryption technology matching the highest possible international security standards. PayPlaza’s head office is Amsterdam and has an additional office in Madrid.

Yello Media Contact

Mike Ausems, CEO and Daniel Maurice-Vallerey, MD

PayPlaza Media Contact

Edgar Plasa, Founder and Advisor of the Board