Swedish mPOS firm iZettle is teaching the entrepreneurs of tomorrow how to run a cashless business by connecting its Chip and PIN card reader to a toy Ikea cash register.
With fewer than two percent of payments in Sweden now made with notes and coins, the Ikea hack is intended to give kids an insight into modern alternatives to hard cash in the form of card and contactless payments, including Apple Pay and Android Pay.
Jacob de Geer, CEO and co-founder at iZettle says: “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.”