Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. 'The transparent transaction rates and the ability to immediately credit a customer's account in the event of a cashier error encouraged us to make this choice.' Lightspeed Payments combines convenience, transparency and cost reduction,' said Maxime Barré, founder and owner of Michelin-starred French restaurant, La Belle Étoile. 'The COVID-19 health crisis accelerated the use of contactless solutions, a necessary evolution but also a real asset that saves a lot of time. Similarly, a majority of German consumers signaled they believe that independent businesses should be required to offer at least one electronic payment option in addition to cash payments, according to a representative study by the German digital association Bitkom. New data also shows that over half of French consumers now prefer to pay with a credit or debit card or make mobile payments, while 62% prefer contactless payments for their speed and sanitary benefits. Lightspeed survey data gathered from both small-business owners and consumers in the United Kingdom and Europe, shows that 94% of small-business owners in the United Kingdom believe that integrated payments provide significant cost savings. 'This expansion empowers our customers around the world to generate faster, more secure transactions that give them richer data about their business and meet the needs of their guests.' 'The hospitality industry in Europe is rebounding just in time for summer holidays and this is a crucial time for the small and medium-sized businesses we serve in that region,' says Jona Georgiou, Lightspeed's global General Manager of Payments. In a constantly shifting hospitality market that has become increasingly digital and consumer-driven, integrated payments provides an advantage for successful restaurateurs. Lightspeed Payments provides independent hospitality businesses critical tools such as mobile and contactless payments, allowing them to process payments faster and manage their businesses from a single platform.

Lightspeed merchant services