The initiative was trialed in Stockholm allowing them to take immediate card payments.
iZettle – who received a €5 million investment from Santander in June - is supporting the homeless people of Stockholm by enabling vendors of the Swedish equivalent of the Big Issue, Situation Sthlm to take card payments with a mobile phone.
The program was trialed in the city for one month with five sellers who were equipped with smartphones and an iZettle card reader to take payments on the spot.
The vendors simply plug the reader straight into a device, both collected at central offices each day whilst picking up their magazines.
Due to the success of the trial, the program will officially launch this week.
Jacob de Geer, CEO and cofounder of iZettle, said: “Sweden is getting closer to a cashless society as most people here prefer to pay by card. Cash is still important but if you don’t accept cards you will miss out.
We’re happy to make it possible for organisations like Situation Sthlm to accept cards. People are happy to trust their cards with the vendors because they trust the card system. This is a milestone for us as its taking our vision to democratise payments to another level.”