Integrated payments company Shift4 has agreed to acquire Australian payments company Smartpay for NZ$296.4m ($180m).
The agreed acquisition price of NZ$1.20 per share represents a 46.5% premium over Smartpay’s 90 trading day volume weighted average price (VWAP).
Smartpay provides payment processing and point-of-sale solutions in Australia and New Zealand, supporting over 40,000 merchants through its distribution network.
The deal, expected to close in the fourth quarter of 2025, is subject to regulatory approvals.
Shift4 has previously applied this strategy in other regions, such as Germany, the UK, and Ireland, where it has sought to enhance its integrated payment experience through localised distribution, service, and support, as well as merchant-focused products and proprietary payment infrastructure.
Shift4 CEO Taylor Lauber said: “This acquisition follows the Shift4 playbook to a tee. It deepens our strategic presence in Australia and New Zealand, providing a significant opportunity to offer our full suite of software and payments solutions in the region.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“By combining our payment infrastructure with Smartpay’s distribution capabilities, we’re well positioned to go-to-market at scale in the region with our leading products and services such as SkyTab POS for restaurants, SkyTab Venue for stadiums and arenas, and our end-to-end payment solution for hotels and unified commerce merchants.”
In February, Shift4 entered a $2.5bn deal to buy Swiss payments and technology firm Global Blue.
With 40 years of experience, Global Blue operates at the intersection of travel and luxury retail across Europe, Asia, and South America.
It is known for its two-sided network, connecting millions of international shoppers with merchants through its proprietary app.
