Payvision, a global acquiring network, has confirmed that it has made a strategic investment in payment software company PayPlaza.
The strategic investment will create an end-to-end personalized payments ecosystem for merchants, Payvision said. The combined solution will enable for smooth cross-border ecommerce processing and a unified, omnichannel platform.
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Through this agreement, Payvision will be able to add a POS/ mPOS solution to its global payment processing offering, enabling partnering merchants to deploy a unified processing system with omnichannel functionality.
The deal will allow both the parties to streamline the user experience and empower merchants to grow their business.
Payvision COO Gijs op de Weegh said: "Our omnichannel package gives merchants an opportunity to migrate away from their multi-vendor strategies and implement a totally integrated, end-to-end platform for all their payment processing.
"By leveraging the global card processing experience of Payvision, the innovative POS/mPOS technology of PayPlaza and the complete collecting PSP platform with cards, alternative and POS payments of Acapture, our clients now have access to a full suite of omnichannel tools behind one central interface and with unified reporting.
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By GlobalDataPayPlaza CEO Edgar Plasa said: "By being part of Payvision’s group and global network, PayPlaza and its merchants benefit from economies of scale, tremendous knowledge and years of experience in the payment processing landscape."
