MYPINPAD has confirmed the completion of its merger with SmartPesa, as the pair seek to bolster the scale and product they provide – outlining ambitions to double their offering in North America.
It comes as the industry steps closer to the PCI Security Standards Council’s forthcoming Mobile Payments on COTS (MPoC) Standard Furthermore, off the back of the merger, the combined entity will operate under the MYPINPAD brand.
Richard Forlee, CEO of MYPINPAD commented: “We’re thrilled that we can come together with SmartPesa at this time. Their experienced team and strong product capabilities will complement MYPINPAD’s existing suite of PCI certified payments solutions. The combination of our two businesses will accelerate growth, provide economies of scale and better position us to serve our global customer base.”
Barry Levett, Founder and Executive Chairman of SmartPesa added: “We are extremely excited about the future that this merger brings our companies. MYPINPAD is the leading solutions provider of mobile-based payments acceptance solutions backed by a skilled team of experts. Together we can develop innovative new mobile payments solutions for customers and merchants at scale.”