Ingenico buys Payzone France
Ingenico (Euronext: FR0000125346 - ING), the leading worldwide provider of payment solutions, today announces that it has completed the acquisition of Payzone France from an investment company based in Luxemburg.
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The terms of the transaction were not disclosed. Founded in 2001, Payzone France is based in Colombelles and Paris, France. It manages a unique retailer base of 17.000 point of sales (including more than 6.500 terminals) and is a mobile topup distributor for all French Mobile Network Operators. Through its platform, it is able to offer mobile topup as well as a number of other value added services such as money transfer or music download.
Philippe Lazare, CEO Ingenico, commented: "This transaction demonstrates our willingness to develop our beyond-payment transaction processing business though a comprehensive value added service offering for merchants. It brings Ingenico a unique distribution network across the large French retailers. We have already identified a number of existing cross-selling opportunities with our existing service portfolio."