Snorrason Holdings, a provider of payment processing services, has signed an agreement with Handpoint, a provider of mPOS solutions, to acquire Handpoint’s Icelandic merchant portfolio.

In future, Snorrason Holdings, through its existing payment brands such as DalPay, will offer mPOS solutions to the merchants who want to add in-person card payments as a complement to their online payment methods.

Bjorn Snorrason, CEO of Snorrason Holdings, said: "We have not just acquired the payment processing operations for Handpoint’s Icelandic customers (which is a great acquisition in itself); we have also added the capability to offer our customers the industry’s most innovative and trusted mPOS solutions.

"This deal is a win-win situation for everyone involved: DalPay will welcome some of Iceland’s largest companies to its customer base; and DalPay clients will be able to accept in-person credit and debit card or mobile app payments while continuing to accept online payments from their customers worldwide as they do today."

The mPOS terminals are expected to be available to all eligible DalPay merchants by the end of 2014.