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Honeywell jumps into mobile payments battle

November 1, 2022

“Honeywell Smart Pay gives sales associates and service employees the power to finalize payments on-the-spot in retail, parcel delivery, public transportation services and other businesses where mobile payment can be used,” the company said in the release.

Nonetheless, it’s a little late to the game with its new software strategy. Honeywell is jumping into a fiercely competitive ring, taking on companies with extensive experience in taking payments in mobile environments, including Block’s Square and PayPal. Those competitors are also constantly enhancing their offerings.

For instance, San Francisco-based Square introduced two new applications last month that expands its devices’ functionality, concentrating more capabilities on the company’s mobile devices, regardless of where they’re used. That company has long catered to small businesses, but more recently has been adding larger clients as well.

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