Nets grows POS presence in Poland with Simapka acquisition


Polskie ePłatności (PeP), part of European paytech Nets / Nexi Group, has acquired a majority stake in Team4U, the owner of Simapka – an app for owners of shops and service points.

Simapka is an app for owners of shops and service points in Poland

The move follows several acquisitions made by PeP over the past five years in the cashless payments space, including NeoTu, PayUp, TopCard, Billbird and PayLane.

Simapka provides solutions that enhance distribution and sales processes for retail outlets. Its app allows the registration of SIM cards, sale of GSM top-ups or gift cards, number transfer between operators and new features in financial services, including loans and insurance.

“Together with PeP and Team4U, we want to build an ecosystem in which payments will be supplemented by numerous additional services offered by point of sale (POS),” says Robert Hoffman, CEO of Nets Merchant Services, part of Nexi Group.

According to the National Bank of Poland, nearly 100,000 new terminals were added in Poland in 2021 – and over 30,000 were PeP POS terminals. This was the highest annual increase in terminals across the Polish market, reflecting consumer desire for POS terminals that accept the latest digital payments and positioning PeP in the top three largest payment operators in the country.

“Bringing our company into the PeP Group – the fastest growing payment solutions provider in Poland last year – opens up many new opportunities for Simapka,” comments Rafał Rasmus, CEO of Team4U.





Image and article originally from www.fintechfutures.com. Read the original article here.