In 2012, inspired by the changes in the legal framework of Europe, Christo and Javor - the founders of the myPOS platform - saw the opportunity to use the expertise and resources of their 500-member team from iCard to create a new tailor-made platform that offers more affordable payment services for small and medium merchants. The new platform, named myPOS, was designed as an all-in-one solution solving the major problems of SMEs related to card acceptance and other payments. As the founders describe it in one sentence:
myPOS is a next generation payment platform helping those in the gig economy or running seasonal businesses to succeed, while avoiding monthly fees, bank charges or cash flow concerns when accepting card payments.
Two years later, in 2014 at the Mobile World Congress in Barcelona, Spain, Christo and Javor officially presented myPOS - the first platform offering instant settlement (instant deposits) into the merchant accounts for transactions made both online and on a POS terminal. Integrating a free settlement account and a payment business card, myPOS eliminates the delays in settling funds for the merchants and paves the way for a new generation of merchant services.
In 2017, myPOS was spun off into a new group of companies with their headquarters in London, the United Kingdom. myPOS Europe Ltd., licensed by the FCA as an e-money institution and part of the group, provides e-money merchant accounts and payment services.
In 2018, the expansion of myPOS across Europe continued with the opening of series of physical stores in London, Amsterdam, Milan, Antwerp and Sofia, where local businesses are introduced to the numerous advantages of the myPOS platform and card payments. More stores are to follow soon in other cities across Europe.
All the while, we continue to provide more payment terminals, new services and more store locations.
Check out our blog and learn more about our latest projects and achievements.myPOS BLOG