Ingenico acquires Phos, Bulgarian developer of software-only POS solutions
French Ingenico, the global leader in payments acceptance solutions, has announced its acquisition of 100% of Phos, the Sofia-based provider of software-only Point of Sale solutions (SoftPoS). The amount of the deal is not disclosed.
- Founded in 2018 by Ivo Gueorguiev, Antonina Martinova, and Valeri Valtchev, Phos develops a SoftPoS orchestration platform. With a full suite of services available, including acquirer integration and certification as a service, the solution enables any contactless form of card payment from the main international payment schemes as well as digital wallets such as Apple Pay and Google Pay, and QR code-based payments.
- The company’s app is available for multiple user interfaces, providing dynamic branding based on the user profile, and a white-label version. Furthermore, Phos features app-to-app and web-to-app API-based integrations, together with SDKs for embedded payment acceptance.
- Ingenico is the global leader in payments acceptance solutions with 45 years of experience. The company is a partner for over 1,000 banks, acquirers, ISVs, payment aggregators, and fintech customers, with up to 40 million POS terminals in service around the world.
“We see strong customer demand and significant double-digit growth in the SoftPoS addressable market worldwide, and are convinced that Ingenico will help us capture more of that market and explore new use cases with clients globally. We look forward to accelerating the business together with the Ingenico teams over the coming months,”Brad Hyett, CEO of Phos, says.
- The acquisition of Phos will enable Ingenico to expand into new ways of serving its clients and reinforces Ingenico’s role as the ecosystem enabler of choice for the payments’ industry. The solution complements Ingenico’s PPaaS (Payments Platform as a Service).