back Back

PeP acquires Simapka to boost mobile and financial services offered in Poland

By Joy Dumasia

July 28, 2022

  • Cashless Payments
  • Digital Payments
  • Europe
Share

Polskie ePłatności (PeP), part of the European PayTech Nets / Nexi Group, has acquired a majority stake in Team4U, the owner of Simapka, an app for owners of shops and service points. The move follows several acquisitions made by PeP over the past five years, including NeoTu, PayUp, TopCard, Billbird and PayLane, as part of its drive to become the leading provider of cashless payments in Poland.

Simapka provides solutions that enhance distribution and sales processes for retail outlets. Its app allows the registration of SIM cards, sale of GSM top-ups or gift cards, number transfer between operators, and new features in financial services, including loans and insurance. The free application can be used on various platforms, such as a web browser, smartphone, tablet, or an Android terminal. 

Robert Hoffman, CEO of Nets Merchant Services, part of Nexi Group, said: “Together with PeP and Team4U, we want to build an ecosystem in which payments will be supplemented by numerous additional services offered by POS. Our goal is to ensure retail outlets across Europe benefit from the rapid digitisation of payments via solutions like Simapka’s mobile application. We’re proud to welcome Team4U into the Nexi family and look forward to helping them continue to grow in the Polish market.” 

PeP’s development-based acquisitions strategy reflects Nexi’s ambition to become the leading European PayTech and goes hand in hand with its own dynamic organic growth. The National Bank of Poland stated that nearly 100,000 new terminals were added to Poland in 2021, and over 30,000 were PeP Point-of-Sale terminals. It was the highest annual increase in terminals across the Polish market, reflecting consumer desire for POS terminals that accept the latest digital payments and positioning PeP in the top three largest payment operators in Poland. 

Rafał Rasmus, CEO at Team4U (owner of Simapka), added: “Bringing our company into the PeP Group – the fastest growing payment solutions provider in Poland last year opens up many new opportunities for Simapka. With PeP and as part of Nexi Group, we can increase the availability of our services to a new group of customers. It also allows us to create new features that can be implemented in Android, allowing our customers to use PeP’s services to help further digitise their lives.”

IBS Intelligence also reported Softpay.io, Nets, part of Nexi Group, has introduced the new and innovative softPOS solution, Softpay, that enables merchants to accept contactless payments on Android smartphones and tablets, just like a payment terminal, without additional hardware. 

Previous Article

July 28, 2022

Ayoconnect launches automated recurring direct debit in Indonesia

Read More
Next Article

July 28, 2022

Upgrade launches Upgrade OneCard to meet its consumers’ payment needs

Read More









IBSi Daily News Analysis

Middle East, Egypt

January 16, 2024

Cashless Payments

Egypt among top remittance recipient countries in 2023: World Bank

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Storfund & Mangopay to ease cash flow for marketplace sellers

Read More

Today

Revolut teams with Jabil to scale development of mobile payment solutions

Read More

Today

Worldline partners with Google to enhance cloud-based innovation

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023