Dutch payment service provider Adyen has launched a new mobile payment service, Shuttle enabling shoppers to make chip & PIN payments from a mobile device at the point-of-sale (MPOS).

Adyen said that this service launched simultaneously in London, Amsterdam and Berlin is compliant with major credit and debit cards including Visa, Master card and Europay across Europe.

The new service is claimed to be a standalone MPOS device that connects to iOS and Android smart phones or tablets wirelessly through a Bluetooth connection.

To avail this service shoppers are required to key their pin codes into their smart phone or tablet device and the transaction is verified offline or online and Shuttle would then display the result and email the receipt to the customer.

Speaking about the launch Adyen CEO Pieter van der Does has said that Shuttle is an extension of their online and mobile payment solution that brings internet technology to point-of-sale with integrated sales.

"Adyen provides a cost-effective, high performance MPOS device that enables consumers to transact the way they are used to, using any card," added Does.

The company has also stated that the service is aimed for large retailers unlike other payment service providers such as iZettle, Elavon and Payleven, and Square.

Shuttle with MPOS solution is priced for €99 along with a €10 monthly fee that includes lowest transaction fees in the market.

Shuttle reportedly has customers including Vodafone, KLM and Dutch department store De Bijenkorf.