• SumUp announced a new, free offering, powered by Sage, that will help UK merchants prepare for new compliance obligations from the Making Tax Digital for Income Tax (MTD) mandate, which comes into effect in April.
• The new offering leverages AI to streamline workflows and reduce the administrative burden for merchants, while helping merchants meet MTD requirements.
• Founded in 2012, SumUp won Best of Show in its Finovate debut at FinovateEurope 2013 in London.

Just in time for tax season, international payments provider, SumUp, is launching a new tax preparation offering. Powered by Sage, the solution will be embedded into the SumUp platform interface and is designed to help merchants in the UK deal with new tax reporting regulations coming into effect in April.

“At SumUp, we are committed to building a world where every merchant can thrive,” SumUp SVP of Global Banking Felix Lamouroux said. “Merchants don’t start a business for the administrative side of things, yet they are increasingly having to adapt to stay on top of new regulations.”

Specifically, the new regulation—Making Tax Digital for Income Tax (MTD)—will mandate that sole traders with incomes in excess of £50,000 per year record their income and expenses digitally and send quarterly tax reports to the HMRC instead of full tax returns. Unsurprisingly, sole traders have some work to do in order to be ready to comply by the April 6 deadline; according to research from Sage, 70% of sole traders are not prepared to meet compliance obligations, instead still relying on spreadsheets (or worse, pen and paper) to complete their self-assessments. The new offering from SumUp brings finance-grade AI capabilities into everyday workflows to help sole traders streamline their income tax reporting and ensure compliance with HMRC requirements including MTD.

“Making Tax Digital for Income Tax represents a significant shift for sole traders, and too many are still unprepared for the change ahead,” SVP for Fintech & Embedded Services at Sage, Gordon Stuart, said. “By embedding Sage’s accounting and tax capabilities, including AI-powered auto-categorization of transactions, directly into the SumUp interface and experience, we’re removing complexity where small businesses already manage their money.”

The integration of Sage’s embedded accounting technology transforms the payments, expense, and banking data already in the SumUp ecosystem into compliant MTD for income tax reporting. SumUp automatically captures all relevant revenue streams—not just digital transfers—without manual input, recording and categorizing income and expense data in real time. The integration not only enables sole traders to prepare and file directly to the HMRC from within the SumUp interface, it also gives users a real-time estimate of tax liabilities to facilitate forward-looking cash flow management.

“This collaboration brings income tax reporting into everyday workflows, helping sole traders stay on top of their obligations without needing specialist knowledge or additional software. It’s a clear example of how embedded accounting technology can meet small businesses where they are and make compliance simpler, more intuitive, and more accessible,” Stuart added.

Founded in 1981 and headquartered in Newcastle upon Tyne, England, Sage specializes in providing software solutions for payroll, financial management, human resources, and more. The company’s Sage Intacct solution is a cloud accounting and financial management platform that enables users to connect data, reduce manual tasks, and leverage AI agents and automation to secure real-time insights. Used by more than 30,000 finance teams and with 350+ integrations, Sage Intacct has helped institutions close books 70% faster and achieve a fivefold return on investment (ROI) within six months.

SumUp won Best of Show in its Finovate debut at FinovateEurope 2013. In the years since then, the company has grown into an international payments solutions provider serving more than four million merchants in 37 markets. SumUp’s partnership news with Sage comes just a month after the company unveiled its latest card reader, Solo Lite, a portable and easy-to-use payment solution for small businesses and entrepreneurs throughout Europe.

“Solo Lite benefits from over a decade of learning from merchants—it’s always been our quest to make business as simple for the 4+ million businesses of all sizes we support globally,” SumUp Chief Hardware Officer Tomer Sabag said. “When it came to designing Solo Lite, it was critical that we brought to market a product that wasn’t just affordable but powerful, and could be a day-to-day partner of a merchant.”

Founded in 2012, SumUp is headquartered in London. Luke Griffiths is the company’s UK CEO, appointed in October 2025.

Photo by Kelly Sikkema on Unsplash

• SumUp announced the launch of a wide range of new products and solutions at its annual event this week.
• The new offerings include a proprietary Tap to Pay on Android solution, an upgraded Business Account, as well as enhancements to its point of sale solution.
• London-based SumUp won Best of Show in its Finovate debut at FinovateEurope 2013.

Ecommerce and payments platform SumUp took the occasion of its annual Beacon event to announce the launch of a range of new products designed to address a variety of merchant pain points. These solutions include an in-house Tap to Pay solution for Android, and a number of new features to its platform designed to help merchants of all sizes improve cash flow, efficiency, and customer engagement as they scale.

“Each of the products we launched demonstrates how the SumUp product ecosystem has grown to cover the critical needs of businesses at each stage of operations, from micro businesses to established ones with complex operations and many employees,” SumUp Chief Product Officer Anna Kuriakose said. “We believe that SumUp’s integrated ecosystem—which brings together the different aspects of running a business—is incomparable in the value it delivers to our customers.”

SumUp’s Tap to Pay on Android enables merchants to accept contactless payments directly from the thousands of phone brands and models that are not iPhones. The size and variety of the Android market, relative to iOS, has given Android a larger market share in EU countries in particular. SumUp’s proprietary Tap to Pay solution will provide a faster, more streamlined, and more reliable experience for merchants and consumers who have opted for Android. Further, SumUp’s solution features enhanced card detection, PIN entry to boost security at checkout, and delivers higher transaction success rates thanks to SumUp’s payment infrastructure and the absence of upfront costs.

Tap to Pay is currently active in Europe and Brazil. The company plans to introduce the technology in Chile, Colombia, Peru, the US, and Australia “soon.”

SumUp also unveiled a handful of new tools for merchants. These include enhancements to its SumUp Business Account. With SumUp’s new Business Account Plus, merchants will benefit from new features for multiple balances, as well as the ability to issue and track several cards and bulk transfers. The new Plus accounts are slated to go live across core markets later this month.

Additionally, SumUp introduced an upgrade to its Point of Sale solution called POS Plus. Designed with retailers such as restaurants and beauty salons in mind, POS Plus offers features such as PIN-based employee profiles, one-tap promotions, kitchen order management, and the ability to flag out-of-stock items. POS Plus is expected to be introduced to select EU markets in April.

Along with these new solutions, SumUp also announced the release of its new Solo Lite card reader, a new Kitchen Display System (KDS) to help streamline restaurant operations, and more.

Founded in 2012, SumUp won Best of Show in its Finovate debut at FinovateEurope 2013 in London. In the years since then, the UK-based fintech has become the partner of more than four million merchants in 36 markets around the world. With 3,000+ employees in 20 offices globally, SumUp offers payment acceptance solutions, tools to help merchants better manage and save money, and innovative technologies to enhance order management and sales. Co-Founder Daniel Klein is SumUp’s CEO.

Most recently, SumUp announced a partnership with FreedomPay to provide retail and hospitality businesses with a payment system with offline capabilities—including for remote merchants. The system will also feature the ability to access a payment processing service from a single provider, regardless of location.

“At SumUp, we are dedicated to empowering merchants with payment solutions that are as straightforward as they are secure,” SumUp Commercial Lead Joey Oliver explained. “With FreedomPay as our partner, we’re advancing our commitment to making top-tier payment technology accessible and effective for every business.”

Photo by Ivan Samkov