Monday, November 14, 2011

Shaping up the next big player in digital payments

Some time ago I blogged about Verifone, maker of the point of sale terminals, enlarging its retail mobile strategy by acquiring Global Bay Mobile, "which provides a suite of mobile software for smartphones, tablets and other devices that enable salespeople to engage customers away from the point of sale terminal." 

TechCrunch is reporting today that VeriFone is aiming big as it buys European payments processing company Point for over 1bn. Point is "Northern Europe largest provider of gateway and payment services for retailers and merchants, handling over 10 million transactions per day." 

Other players getting their positions strengthened in this market are Google, Isis, PayPal, Groupon, Visa, Master Card and American Express. It is interesting to note that companies that have risen recently, such as Groupon, are quickly catching up with the older players (such as AmEx for example) while running way ahead on innovation and time to markets.

Spot on VeriFone :)

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