Jabil Teams with Fintech Leader Revolut to Scale Development and Production of Innovative Mobile Payment mPOS Solution
January 15 2024 - 7:00AM
Business Wire
- Shared culture of excellence fuels momentum for Revolut Reader,
which provides merchants with fast, easy, and secure in-person and
mobile payments
- Proven hardware platform benefits from Jabil’s specialized
payment expertise, longstanding retail experience, and global
manufacturing capabilities
- Seamless collaboration drives delivery of high-performance,
customized mobile point-of-sale (POS) solutions
Jabil Inc. (NYSE: JBL) today announced ongoing innovation
between its payment solutions business unit and Revolut, a digital
banking pioneer and global financial super app provider, to support
the neobank’s rapid growth trajectory and global expansion in
merchant acquiring. Jabil’s custom, pre-certified Point-of-Sale
(POS) hardware platform, as well as other retail automation
technologies transforming digital commerce, will be on display at
NRF’24 (Booth 4375).
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240115942077/en/
Jabil and Revolut are scaling production
of Revolut Reader, a custom, pre-certified, mobile point-of-sale
solution that makes it easy for merchants to accept in-store or
on-the-go payments. (Photo: Business Wire)
“Jabil played a major role in accelerating time to market for
Revolut Reader by providing critical product design, development,
testing, and certification capabilities,” said Alex Codina, general
manager of Merchant Acquiring at Revolut. “Their longstanding
payment expertise, proven experience building high-performance
hardware platforms, and software-integration skills helped us move
quickly and decisively to deliver a differentiated offering to our
business customers.”
Revolut Reader Offers Instant, Secure Payment
Transactions
Starting in 2021, Jabil has collaborated with Revolut to
diversify its product portfolio, including the launch of Revolut
Reader, a compact, custom hardware platform that enables merchants
to accept in-store or on-the-go payments. The affordable and
lightweight pocket-sized reader offers instant and secure
transactions for debit and credit cards. Chip, PIN, and contactless
payments from all major credit-card companies are accepted, as well
as mobile payments, such as Apple Pay, Google Pay, and Samsung Pay.
Flexible transaction processing modes encompass Near Field
Communication (NFC) and QR codes, along with BLE connectivity.
Built-in support for EMV, PCI, as well as local and
international security certifications, offers highly secure and
compliant operations while robust performance enables transactions
to be completed in seconds. Ideally suited for small to
medium-sized merchants, Revolut Reader features simple set-up, an
intuitive user interface, and support for payments in more than 150
currencies. The pre-certified hardware platform can be integrated
with existing POS systems using Jabil-provided Application
Programming Interfaces (APIs) and a Software Development Kit
(SDK).
“We set very high expectations for end-user experience and
focused on meeting Revolut’s specific objectives for device layout,
along with screen and touchpad functionality,” said Mauricio
Ferreira, senior director, Point of Sales for the Digital Commerce
business unit at Jabil. “Our strengths in product design,
engineering, development, supply chain, and manufacturing offered
Revolut a ‘one-stop shop’ solution to meet current and evolving
requirements. We look forward to growing our valued relationship
with Revolut.”
Ongoing Collaboration and Cooperation
Jabil and Revolut are scaling manufacturing as demand for
Revolut Reader intensifies. Additionally, the organizations
continue to collaborate on new features and capabilities based on
Revolut’s product roadmap.
“Jabil is a valued member of the Revolut Reader team,” said
Jesús Romo-Morales, head of In-Person Payments at Revolut. “We look
forward to continuing our journey of innovation, especially now
that retailers around the world are realizing how quickly and
easily Revolut Reader can simplify and grow their sales.”
Innovative Digital Commerce Solutions Showcase at
NRF’24
At the 2024 National Retail Federation show, Jabil’s retail
business experts will showcase the latest innovations powering the
retail ecosystem — from warehouse automation and in-store robots to
electronic shelf labels, point-of-sale systems, contactless and
embedded payment solutions, intelligent vending machines,
self-checkout systems, and more. Known for its global manufacturing
footprint, experienced engineering team, and ability to navigate
complex supply chains, Jabil collaborates with leading retail-tech
innovators, including Ocado, Revolut, SumUp, and VusionGroup, to
name a few.
Related Jabil NRF News
- Badger Technologies and Stop & Shop Sponsor ‘Selfies with
Marty the Robot’ Promotion at National Retail Federation Show to
Fight Student Food Insecurity
About Jabil:
At Jabil (NYSE: JBL), we are proud to be a trusted partner for
the world's top brands, offering comprehensive engineering,
manufacturing, and supply chain solutions. With over 50 years of
experience across industries and a vast network of over 100 sites
worldwide, Jabil combines global reach with local expertise to
deliver both scalable and customized solutions. Our commitment
extends beyond business success as we strive to build sustainable
processes that minimize environmental impact and foster vibrant and
diverse communities around the globe. Discover more at
www.jabil.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240115942077/en/
Michael Kovacs Senior Director, Marketing, Jabil 1.408.427.1191
michael_kovacs@jabil.com
Jabil (NYSE:JBL)
Historical Stock Chart
From Apr 2024 to May 2024
Jabil (NYSE:JBL)
Historical Stock Chart
From May 2023 to May 2024