Pan-European Merchant Service Provider Point Acquires PayBox

by Mercator Advisory Group 0

Point, a pan-European merchant service provider, recently acquired PayBox, a multi-channel payment solution provider with strength in e-commerce.

Paybox offers payment solutions for a wide range of physical and remote access systems such as merchant websites, electronic payment terminals, call centers, automatic terminals, mobile phones or PDA’s. Together, the two organisations now form the strongest provider of multi-channel payment solutions in Europe.

“The payment services that Paybox brings to our expanding group enable us to offer merchants a complete range of high quality services covering all their sales channels,” says Johan Tjärnberg, CEO of Point. “This will bring Point to the forefront of our industry as the only true multi-channel player in Europe.”

Paybox brings extensive e-commerce expertise that greatly benefits Point. Paybox processes approximately 10 million payment transactions per month and the majority of these e-commerce transactions come from 15,000 e-merchants linked to the company.

Point has been making several acquisitions recently as part of its expansion plan. In February, the company acquired Adimo Norge AS, the largest distributor of payment terminals in Norway.

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