Clip boasts an incredibly efficient and stress-free mobile payment system. It utilizes innovative technology that allows merchants to accept payments by credit card, debit card, vouchers, and even points. Moreover, the service boasts a lucrative framework of operation as it does not require the signing of contracts and the threshold of minimum fees. This is because Clip operates solely on a commission basis.
The promise of mobile payment systems in Latin America is growing and Clip is a testimony to that. In fact, one of the pivotal moments for the company in 2019 was the fact that it received a $20 million USD investment from Japan-based SoftBank. The money is there to assist Clip in implementing "card readers that plug into mobile headphone jacks and enable merchants to process payments quickly on the spot."