PR99850

PARIS, March 30, 2023 /PRNewswire=KYODO JBN/ --

- The strategic purchase of Phos is a next step in Ingenico's evolution towards

software-driven services, following recent acquisition of Ingenico by the

investment funds managed by affiliates of Apollo Global Management (the "Apollo

Funds") in September 2022

Ingenico, the global leader in payments acceptance solutions, announces its

acquisition of 100% of Phos, a leading provider of software-only Point of Sale

solutions (SoftPoS).

Phos is a premier player in the fast-evolving SoftPoS space, providing

best-in-class highly flexible solutions to a large number of acquirers and

PSPs. SoftPoS enables off-the-shelf smartphones or tablets to become payment

terminals while complying with the highest standards of payment security.

Uses for SoftPoS are multiple and diverse. These include enabling small

merchants and 'solopreneurs' to accept digital payment in a world where cash

payments are declining. However, SoftPoS also allows enterprise customers to

equip their sales associates with tablet-type devices for in-aisle payments

acceptance. SoftPOS is a dynamic and fast-growing market. The installed base of

SoftPoS terminals is expected to grow from 3.1 million worldwide in 2022 to

almost 12 million in 2027.

Phos has developed a SoftPoS orchestration platform combining extensive

connectivity with flexible user interfaces. With a full suite of services

available, including acquirer integration and certification as a service, Phos

brings new connectivity options quickly, easily and securely to its partners.

The solution enables any contactless form of card payment from the main

international payment schemes as well as digital wallets such as Apple Pay and

Google Pay and QR code-based payments.

The Phos app is available for multiple user interfaces, offering both dynamic

branding based on the user profile and a white-label version. Phos features

app-to-app and web-to-app API- based integrations, as well as a software

development kit (SDK) for embedded payment acceptance. The company has

established the necessary connections to financial services where it operates

and has active client and partner launch projects across all high growth

markets.

This deal continues Ingenico's strategic expansion into new ways of serving its

clients and reinforces Ingenico's role as the ecosystem enabler of choice for

the payments industry. The solution complements Ingenico's PPaaS (Payments

Platform as a Service). PPaaS enables clients, such as acquirers, payment

service providers and independent software vendors, to design and seamlessly

deliver payments and value-added services at the point of sale on Ingenico and

non-Ingenico devices. In line with this 'device agnostic' strategy, Phos is a

natural complement to Ingenico's PPaaS business.

Brad Hyett, CEO of Phos, commented on the deal: "We are delighted to join

Ingenico and this transaction marks a significant step in the development of

Phos. Since the company was founded, we have been a pioneer in our field, and

we see a natural fit with Ingenico given their strong focus on delivering

best-in-class innovative payment solutions as-a-service. We see strong customer

demand and significant double-digit growth in the SoftPoS addressable market

worldwide and are convinced that Ingenico will help us capture more of that

market and explore new use cases with clients globally. We look forward to

accelerating the business together with the Ingenico teams over the coming

months."

Giulio Montemagno, General Manager of PPaaS for Ingenico added: "Our clients

and partners around the world have clearly identified SoftPoS as one of the

biggest opportunities they see right now. They consider SoftPoS a strategic

option to engage with new customer segments and develop and test innovative use

cases at scale, with minimum incremental investments in technology and

distribution. They are looking to Ingenico, as their trusted partner in

payments acceptance, to help them do that. We are very excited to bring this

high- quality opportunity to our valued customers by partnering with the

talented teams at Phos."

ABOUT INGENICO

Ingenico is the global leader in payments acceptance solutions. As the trusted

technology partner for 1,000+ banks, acquirers, ISVs, payment aggregators and

fintech customers, with up to 40 million POS terminals in service around the

world, serving retailers ranging from small merchants to some of the best-known

global brands, our world-class terminals, solutions and services enable the

global ecosystem of payments acceptance. With 45 years of experience,

innovation is integral to Ingenico's approach and culture, inspiring our large

and diverse community of experts who anticipate and help shape the evolution of

commerce worldwide. At Ingenico, trust and sustainability are at the heart of

everything we do.

For more information, visit Ingenico.com<https://ingenico.com/en>.

SOURCE  Ingenico