Payment solutions provider Ingenico Group has partnered with fintech Pundi X to facilitate crypto payments for customers worldwide.
As part of the collaboration, Ingenico integrated its point-of-sale (POS) APOS A8 devices with Pundi X’s XPOS software. APOS A8 is a portable POS solution that runs on Android.
Merchants will now be able to use Ingenico’s POS terminal to accept various cryptocurrencies under the Pundi X payment ecosystem.
Both merchants and crypto token holders can transact via XPASS cards or XWallet app and Pundi X’s multi-currency crypto card.
The POS device provides conversion rates between fiat and crypto currencies at the retail outlets. This is expected to speed-up the transactions, which will be powered by blockchain technology.
Pundi X co-founder and CEO Zac Cheah said: “Pundi X can now leverage the APOS A8, the most widely sold Android payment device in the world and benefit from Ingenico’s global support in a number of key markets.
“Enabling crypto payments in Ingenico’s APOS A8 devices will undoubtedly make cryptocurrencies and blockchain technology more accessible to even more people.”
Ingenico Group senior vice-president of Asia Pacific Marcus Low said: “Ingenico is always on the lookout for innovations that will further improve transactional processes, and we see Pundi X’s use of blockchain technology in points of sales as truly innovative.
“This partnership is as a great way to prepare for the future of payments and introduce cryptocurrency as a reliable payment option to our clients and customers worldwide.”