EE brings iZettle mobile payments service to UK SMBs [Video]

4G provider EE is set to add mobile payments to its product portfolio, revealing an exclusive deal with smart device peripheral maker iZettle.

EE revealed that it will sell iZettle's mobile payments card reader during a press event on Tuesday and confirmed that it will run over its 3G and 4G networks.

The mini chip-card readers are targeted at small to medium sized businesses and turn compatible smartphones and tablets into mobile payments terminals - see the above video for a demonstration.

"I think this product is perfect for companies that don't currently take card payments," chief executive and co-founder of iZettle, Jacob de Geer told V3.

"Looking to the UK there are roughly 3.3 million traders in the UK, not taking cards, even though their customers want to pay for cards. We're targeting them.

"For bigger retailers and companies there are already a number of excellent payment solutions."

The peripheral is compatible with most top end devices including the Apple iPhone and iPad and Samsung's popular Galaxy range of smartphones and will be available for purchase at 297 EE stores across the UK and from EE's telesales channel.

The add-on will cost £20 and can accept payments from Visa, MasterCard, American Express and Diners Club cards. The iZettle service features no set up or monthly fees, instead taking 2.75 percent cut of each payment made on it.

The iZettle add-on is one of many mobile payment services to arrive in the UK this year. Visa is also confirmed to be launching its PayWave mobile service in the UK at an unspecified date later this year.