Argentine Fintech Ualá Takes Mobile Payments to Small Businesses
- Ualá to offer mobile point-of-sale units, offer payment links
- Company aims to break even in Argentina in 2022, founder said
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Argentina’s Ualá, the mobile payments company backed by heavyweight investors including George Soros, Steve Cohen and Tencent Holdings Ltd, is expanding into merchant services in Argentina.
The company is launching Thursday a variety of services that cater for the first time to small businesses, said Ualá’s founder and chief executive officer, Pierpaolo Barbieri. Ualá will start offering mobile point-of-sales (mPOS) units, looking to deploy 100,000 by the end of 2021, as well as allowing small companies to charge via payment links.