Foresight Group has announced a £500,000 equity investment into Mobile Pay Systems, trading as Swoopos, through the Midlands Engine Investment Fund (MEIF).

Swoopos provides a Mobile Point of Sale (“MPOS”) universal payments system that combines ePOS and cloud-based technology to deliver rich data analysis for businesses operating in the hospitality, and, soon the retail sector. The system includes a mobile wallet, booking system and mobile ordering, as well as a management reporting suite to help the retailer capture and monitor customer data.