Nexi’s PeP acquires majority stake in Team4U

Polskie ePłatności (PeP), part of Europe’s leading PayTech Nets / Nexi Group, has acquired a majority stake in Team4U, owner of Simapka, an app for owners of shops and service points.

The move follows several acquisitions PeP has made over the past five years, including NeoTu, PayUp, TopCard, Billbird and PayLane, as part of its effort to become a leading provider of cashless payments in Poland. is.

Simapka provides solutions that enhance retail distribution and sales processes. The company’s app offers new features for SIM card registration, GSM top-up and gift card sales, operator-to-operator number transfer, and financial services such as loans and insurance. Free apps are available for various platforms including web browsers, smartphones, tablets and Android devices.

Robert Hoffman, CEO of Nets Merchant Services, part of Nexi Group, said: Our goal is to enable retailers across Europe to benefit from the rapid digitization of payments through solutions like Simapka’s mobile application. We are proud to welcome Team4U to the Nexi family and look forward to supporting their continued growth in the Polish market. ”

PeP’s development-based acquisition strategy reflects Nexi’s ambition to become Europe’s leading PayTech and is closely aligned with its own dynamic organic growth. The National Bank of Poland said around 100,000 new terminals will be added to Poland in 2021, with more than 30,000 being his PeP POS terminals. This reflects the consumer desire for his POS terminals to accept the latest digital payments, positioning PeP among the top 3 largest payment operators in Poland, increasing the number of terminals across the Polish market. It had the highest annual growth rate.

Rafał Rasmus, CEO of Team4U (owner of Simapka) said: As part of the Nexi Group, PeP allows us to increase the availability of our services to new customer groups. He will also be able to create new features that can be implemented on Android, allowing customers to use his PeP’s services to make their lives even more digital. ”

Nexi’s PeP acquires majority stake in Team4U

Source link Nexi’s PeP acquires majority stake in Team4U

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