world line [Euronext: WLN], a leading global provider of payment services, today announces it has completed the acquisition of a 55% stake in SoftPos.eu, a Warsaw-based fintech that converts Android devices into secure payment terminals. This acquisition fully embodies Worldline’s goal of offering payment solutions adapted to all forms of commerce and serving its customers’ business ambitions. Based on SoftPos.eu, Worldline introduces a new product internationally: Worldline Tap on Mobile.
SoftPos.eu was founded in 2019 by two payment entrepreneurs in Poland. The fintech converts traditional Android devices into secure payment terminals, allowing merchants to accept card payments without additional hardware.
As part of its strategy, Worldline is exploring new neighborhoods on its journey to creating value through technology and product acquisitions. Several partnerships with significant added value have been started together with SoftPos.eu. Worldline truly believes in the value of fintech go-to-market and product development as a key complement to the group’s existing suite for merchants. Powered by SoftPos.eu technology, Worldline will leverage its extensive portfolio from onboarding to acquisition, increasing customer value across all industries.
Worldline Tap Mobile
Worldline Tap on Mobile is a unique end-to-end solution based on an Android application that enables all merchants – from micro businesses to large ones – to make payments with a smartphone, tablet or corporate device with a single touch accept. The solution is designed to accept small amounts simply by “tapping”, but also larger amounts by entering a PIN on the screen.
Worldline Tap on Mobile supports the growth of its customers with:
- Modern, convenient, simple and fast acceptance of contactless payments
- Flexibility, no additional hardware required, suitable for all industries
- Secure, PCI-certified, PIN-enabled solution for high-value payments
- Cost-effective solution that replaces or complements your existing fleet
- Integration possibilities with third-party applications
Worldline Tap on Mobile is the first payment application certified by Zebra Technologies. Zebra Technologies is a global leader in enterprise asset intelligence, offering handheld devices for a variety of industries. The product is fully certified by Zebra, making Worldline Zebra’s first payment partner worldwide. Through this partnership, specialist integrators and partners across all segments can add payment to their customers’ offerings via their Android devices.
Niklaus Santschi, Head of Merchant Services at Worldline, commented: “There is an appetite for mobile payments on both the consumer and business side. With the acquisition of SoftPos.eu and the concrete business realization of Worldline Tap on Mobile, Worldline now offers its customers a complete suite of solutions adapted to all growth ambitions. Complementing our existing offerings, Worldline Tap on Mobile offers convenience and flexibility for all trading sizes, it’s all about a single – and secure – tap. Worldline now covers itself a new core function in the payments value chain, allowing it to be used for both existing and new customers on demand. This marks a new important strategic positioning for our company in the current landscape with many business opportunities for us and we are just excited about the journey ahead.”
Grzegorz Nowakowski, CEO of SoftPos.eu, commented: “Worldline was the first major player to believe in SoftPos, its team and its product. When we started our cooperation in 2020, the market for app-based devices was much smaller than it is today. From day one, we felt that we could only take full advantage of the growth opportunity with the support of a strong strategic partner. Now we can clearly see that we were right. We are very happy that the appreciation was mutual and that we have reached this investment phase. SoftPos.eu has developed an advanced but easy-to-use technology that is already being actively used by several retailers of all sizes across Europe. Having Worldline as our strategic investor means strong support both in further product development and in sales to other markets and distributors.”
