View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
September 7, 2020

Centrapay secures investment from Coca-Cola Amatil

Amatil X, the corporate venturing platform of Coca-Cola Amatil, has acquired a minority stake in payments platform Centrapay.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The bottler of The Coca-Cola Company has invested an undisclosed amount in Centrapay in the seed funding round.

Centrapay specializes in digital assets and merchant payment acceptance. Its platform helps merchants connect directly with customers.

Centrapay is set to focus on enabling merchants to accept contactless fiat, Epay gift cards, and vouchers, in addition to digital assets.

Merchants will be able to accept these payments on their existing EFTPOS machines, without being charged a per-transaction fee.

Customers can use the Centrapay Wallet to make fiat and other payments.

The latest investment will be used by Centrapay to bolster the integration with POS terminals and other payment methods.

Centrapay CEO Jerome Faury said: “Both Centrapay and Coca-Cola Amatil are committed to preserving consumers’ privacy and data ownership rights, whilst increasing business value.

“The fact that Coca-Cola Amatil has invested in Centrapay through Amatil X, shows that there is a real appetite to provide customers with new ways to engage or to exchange value.

“Centrapay is in an ideal position to play a pioneering role in driving acceptance of digital assets with merchants.”

Coca-Cola Amatil head of Amatil X Alix Rimington said: “Coca-Cola Amatil was working with Centrapay to give consumers the option to use their Sylo Smart Wallet to pay for items across Amatil’s vending network using cryptocurrency.

“Amatil’s customers can use their Sylo Smart Wallet at any one of our 2000+ vending machines with a QR code payment sticker.

“These are located across New Zealand and Australia and will accept payments in cryptocurrency or other digital assets with a scan of your phone’s camera when Sylo Smart Wallet is installed.”

Coca-Cola Amatil is one of the largest bottlers and distributors of alcoholic and non-alcoholic ready-to-drink beverages in the APAC region. It employs 12,000 people across Australia, Indonesia, New Zealand, Fiji, Papua New Guinea, and Samoa.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International