Global fintech heavyweight Paynt, established in Latvia, declared the acquisition of a Canadian company, bolstering its presence in North America.
The Lowdown on Paynt's Acquisition of E-xact Transactions
Paynt, a fintech trailblazer based in Latvia, has grabbed headlines with its acquisition of Canadian powerhouse E-xact Transactions. This move marks a pivotal step in Paynt's expansion journey, particularly in North America.
With roots in Riga and a cutting-edge stance as a global fintech innovator, Paynt is now making waves in Canada. The acquisition of E-xact Transactions, a firm handling over CAD 3.5 billion and 50 million transactions annually, is a major stride towards expanding its reach.
Sam Kohli, Paynt's founder, shared his excitement about the venture: "With the opening of our new Vancouver office and this strategic acquisition, Paynt is embarking on an exciting new chapter. We're pushing the boundaries of innovation and cementing our position as a global leader in payment solutions."
Kohli envisions a seamless and secure global payments ecosystem that empowers businesses of all sizes. The acquisition of E-xact Transactions will bolster Paynt's efforts to strengthen its presence in North America, expand the frontiers of innovation, and fortify its global leadership in payment solutions.
The E-xact Transactions payment gateway offers top-tier data encryption and processing, allowing for integration with various payment methods and e-commerce platforms such as Shopify, Magento, and WooCommerce. This acquisition will enable Paynt not only to deliver high-performance solutions but also expand operations by offering omnichannel payment processing services throughout Canada.
E-xact Transactions' prowess in high-performance, secure online payment gateways compatible with leading e-commerce platforms will enable Paynt to replicate its success in the North American market. This move will allow Paynt to offer integrated, scalable payment solutions to merchants and hospitality businesses across the continent, empowering them with seamless processing capabilities and compliance with evolving financial regulations.
With a robust presence in Latvia, Lithuania, Estonia, Ireland, the UK, the USA, and now Canada, Paynt shows no signs of slowing down. The company remains committed to empowering businesses with transparent, secure, and scalable payment solutions.
Did you know?
- The acquisition of E-xact Transactions provides Paynt with a strategic foothold in the Canadian market, enhancing its ability to serve bank partners, ISVs, and merchants in North America.
- Paynt's appointment of JohnPaul Golino to its board of directors will ensure a smooth transition and effective implementation of regional go-to-market efforts.
- With operations in North America and existing presence in Europe, Paynt can leverage cross-regional synergies to improve its services and offerings, enhancing overall efficiency and competitiveness.
Paynt: A European Fintech Force
Founded in 2014, Paynt is aPayment technology company specializing in POS solutions, tipping systems, and integrated financial services. Serving the hospitality and retail sectors with robust infrastructure and a suite of innovative payment products, Paynt continues its trajectory of growth, committed to empowering businesses with transparent, secure, and scalable payment solutions. For more information, visit paynt.com.
E-xact Transactions: A Proven Partner
E-xact is a trusted platform serving bank partners, ISVs, and merchants. Known for its high-performance payment APIs and robust support for both e-commerce and unattended environments, E-xact is a proven, enterprise-grade gateway operating for over 25 years.
[1] Paynt's Strategic Expansion in North America[2] Integration and Leadership in Payment Solutions[3] The E-xact Transactions Payment Gateway[4] Global Expansion Strategy - Positioning for the Future
- The acquisition of E-xact Transactions by Paynt, a European fintech force, will strengthen their position in the Canadian market, enabling them to offer integrated, scalable payment solutions to businesses across North America.
- With the integration of E-xact Transactions' technology, Paynt will be able to deliver high-performance online payment gateways compatible with leading e-commerce platforms, expanding their business operations and fortifying their global leadership in payment solutions.
- By leveraging the synergies between their operations in Europe and North America, Paynt can continue to innovate and improve their financial services, offering bank partners, ISVs, and merchants a seamless, secure, and efficient payment ecosystem.
