Intuit’s payments group launched Intuit Pay, a mobile payments pilot geared at small businesses in the United Kingdom (UK). The service offers users an inexpensive way to accept card payments anywhere with a free mobile app and low-cost chip and PIN reader.
A survey of 1,000 small businesses in the UK found that 19 percent of micro-businesses (firms with fewer than 10 employees) currently accept card payments. Almost half (47 percent) said they would accept cards if there was a more affordable way of doing so using their smartphone or tablet. There are an estimated 4.6 million micro-businesses in the UK.