VeriFone completes Destiny Electronic Commerce acquisition

Source: VeriFone Systems

VeriFone Systems (NYSE:PAY), today announced it has completed the acquisition of Destiny Electronic Commerce (Pty) Ltd. (trading as CSC), a South Africa-based electronic payments solutions provider.

The new VeriFone unit is headquartered in Johannesburg with offices in Cape Town and Durban. CSC's management team, headed by former CEO Llewellyn Walters, and 160 employees have been integrated into the VeriFone worldwide organization.

VeriFone will build on this organization to expand the company's presence as a leading provider of secure payment technologies, services and solutions at the point of sale for Sub-Saharan Africa and the Indian Ocean Islands.

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