Point-of-sale technology provider Payworks announced a partnership with multi-channel payment solutions company and Ingenico subsidiary Bambora.
Payworks and Bambora are partnering to launch Bambora Connect, an international solution for POS software providers and merchants. Connect leverages the expertise of both Bambora, which offers merchant sales expertise, and Payworks, which provides advanced payment technologies and integration capabilities. Bambora Connect will work with multiple mobile and stationary card terminals, enabling merchants to accept Visa, Mastercard, and American Express payments in six currencies across Europe.
Christian Deger, CEO and co-founder at Payworks said, “From our own experience working with POS software vendors, we saw and understood the opening in the market for an integrated POS solution which offered powerful infrastructure with advanced tools and processes for onboarding and management. We’re extremely proud of Bambora Connect and look forward to our future collaborations with Bambora and Ingenico.”
Through their collaboration, Bambora, which processes more than $62 billion (€55 billion) per year and serves merchants in 70 markets, and Payworks will facilitate software integration for Bambora’s customers without the need for technical expertise. Connect will be available in the fall of this year; Bambora’s existing clients can begin onboarding their merchants now.
“Bambora is successfully working to make payment acceptance for merchants as simple as possible,” said Johan Tjärnberg, CEO at Bambora and EVP of the retail business unit at Ingenico. “Partnering with Payworks on Bambora Connect…. has ensured a fantastic product for in-store payment acceptance. The POS software market is growing at a rapid pace on a global scale and we see plenty of opportunity to collaborate beyond the SME space as well.”
Payworks provides three payment technology offerings: Pulse, a set of SDKs and APIs that allow developers to offer their merchants EMV certified, PCI compliant, and P2PE ready POS solutions; Accept, a white-label mPOS solution that enables merchants to quickly and easily accept card payments; and Engage, which enables developers using Pulse to build customer engagement solutions.
At FinovateEurope 2014, Payworks showed how its platform makes integration easy for developers, allowing them to focus on building value-added merchant solutions. Founded in 2012, the company’s partners include First Data, TSYS, Stripe, and American Express. Earlier this spring, Payworks partnered with Hubtel to enable merchants in Ghana to accept payments. Payworks has raised $19 million and has offices in Munich, New York, London, and Barcelona.