Global payment solution provider Checkout.com announced on Thursday it has acquired Australian startup, Pin Payments. Checkout.com reported that the acquisition represents the next chapter of the company’s momentum across the Asia-Pacific (APAC) region as it continues to support both international and domestic merchants to grow their businesses.
“Pin Payments created the first unified approach to payments for small to medium-sized businesses in Australia. They did so by making developer-friendly technology and a streamlined onboarding process – reducing time to market from weeks to days. It currently empowers over 12,000 businesses across the country contributing to the eCommerce boom in Australia.”
Checkout.com further revealed that the acquisition brings its “unified acquiring footprint” to Pin Payments’ SMB merchants – offering them improved payments’ performance and international growth opportunities. Speaking about the acquisition, Guillaume Pousaz, Founder and CEO of Checkout.com said: ”
Australia is a key market for our business. The acquisition of Pin Payments represents our investment to serve Australian entrepreneurs with world-class technology and a truly global acquiring network.”
Pousaz then added:
“In Pin Payments, we found an awesome team who shared a similar dedication to solving problems for businesses with innovative financial technology. We look forward to welcoming them to our team and working together.”
Founded in 2012, Checkout.com helps companies accept more payments around the world through one integration. Its global payment processing platform features in-country acquiring, relevant payment methods, feature parity across geographies, fraud filters, and reporting features, through one API. The company recently secured its E-Money Institution license in France by the Autorité de Contrôle Prudentiel et de Résolution (ACPR).