London-based SumUp, a global fintech platform, announced on Thursday, September 21, that it has introduced a new feature called 7AM payouts in the UK.
Launched amid the ongoing cost-of-living crisis, the feature aims to accelerate fund access for merchants. 7AM payout is expected to aid cash flow management and expense handling.
“We have always made it easier for merchants to get paid – and what can simplify business more than releasing funds even faster than before,” says Michael Schrezenmaier, CEO Europe of SumUp. “SumUp merchants work hard for their money and we’re only too happy to have launched this category-leading 7AM payouts for SumUp One subscribers in the UK.”
“Faster funds access is crucial for merchants amidst the UK’s cost of living crisis and in regular times, will give merchants more control over their money, aiding cash flow management,” Schrezenmaier adds.