“The hospitality business, as you look at how they’ve had to operate during COVID… it’s more complex. “A lot of the new functionality that we’re rolling out is to ensure that businesses can do these new models of serving customers and interacting with customers,” said Dasilva. But in Europe, service growth continues to be stymied by COVID-19 case counts and lockdowns.Īccording to the World Health Organization, Europe’s vaccine rollout has been “unacceptably slow.” Only about 10 per cent of the region’s 900 million residents have received their first dose of vaccine.įor Lightspeed, though, even that delay could spell opportunity as merchants continue to lean heavily on online sale and delivery services. Importantly for Lightspeed, activity in the service sector rose for the first time in four months. In Europe, the flash PMI rose about 7.5 per cent for March. The flash purchasing managers index, or flash PMI, is a monthly survey of supply chain managers that tracks their spending activity. suggests that March saw both regions post their first economic expansions in months. To integrate Lightspeed into local financial infrastructure and help with regulatory compliance, the company has inked a deal with Dutch payment processor Adyen NV.ĭasilva’s expansion plans come as preliminary data from Europe and the U.K. “Globally, we’re trying to be that go-to name for the sophisticated restaurateur, or the sophisticated hospitality business that has many, many elements to their business.” “For this segment, I think we are the choice,” said Dasilva, noting a lack of competitors providing payment integration services. Initially, Lightspeed will target restaurants with more complex operations, such as those integrated into golf courses or hotels, which often share their point-of-sale technology with the mother businesses.Ī poll conducted by Lightspeed and London-based OnePoll found that about 94 per cent of small businesses said having an integrated payments system would save them money and 79 per cent said it would save them time.
and Europe with most of the same features as in North America.
#Cc processing with lightspeed onsite software#
The company’s point-of-sale software offerings, Lightspeed Retail and Lightspeed Restaurants, are already available in the U.K.
Lightspeed’s eventual goal is for its payment system to be available in the entire Asia-Pacific region, in addition to Europe. Within the year, Dasilva said he also expects to make the service available in Australia and New Zealand. Later, it will be rolled out in France, Belgium, the Netherlands, Germany and Switzerland. The service, to be launched this week in the UK and later in Europe, will be offered first to hospitality businesses and then to the wider retail sector in the U.K. Lightspeed Payments, which is already available in Canada and the United States, will target small and medium-sized companies. Lightspeed’s system lets companies integrate transactions from different arms of their businesses, such as online orders and in-person purchases, into a single, unified payment funnel. “More and more, having that single vendor… having all your transaction information from different channels together in one portal is really how owners are going to want to see their businesses - not in different silos.” “Restaurants have really reimagined how they’re going to run their businesses, and that means new technology and a streamlined process,” Dasilva said in an interview. The continent’s slow vaccine distribution and high case counts continue to force merchants to lean heavily on e-commerce and delivery businesses, which spurred the Montreal-based company’s decision to offer Lightspeed Payments, CEO Dax Dasilva told The Financial Post on Friday. and Europe, with the aim to help restaurants and retailers consolidate their online and brick-and-mortar sales systems. said Tuesday it’s rolling out its point-of-sales payment processing services in the U.K.
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