Mobile point of sale company iZettle has used a company hack day to access and connect a toy Ikea cash register with its chip and PIN card reader.
The firm road tested the technology with five-year-olds to demonstrate the simplicity of the device, which can be used to accept payments made with cash, card and contactless, including Apple Pay and Android Pay.
iZettle said that its new solution had been unveiled to highlight the gradual shift towards a cashless society in some markets, noting that less than two per cent of payments in Sweden are now made with cash compared with 7.7 per cent in the US.
The company hosts regular hack days to identify smarter ways it can help small businesses grow. The latest Ikea cash register hack aims to help tomorrow’s entrepeneurs understand how they can build and run a modern business.
Jacob de Geer, CEO and co-founder of iZettle, explained: “Behind every successful small business is a healthy bank balance. It is important kids have a clear understanding on how to make and save money. Connecting iZettle’s card reader to iKea’s toy cash register allows children to practice different ways they can process and manage their finances. It’s time we use today’s technology to educate and inspire tomorrow’s entrepreneurs on how they can build and grow a successful business.”
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