Valitor, an e-commerce payment solutions company, has acquired a UK-based payment solutions provider IPS.
As part of the transaction, IPS will be integrated with Valitor’s mobile and point-of-sale payments subsidiary AltaPay. The combined entity will allow users to streamline all online, mobile and in-store payments and provide a complete omni-channel payment solution.
The omni-channel solution will give customers a complete overview of all transactions and allow them to implement the same type of terminals across outlets in all countries with fully automated financial reconciliation, Valitor said.
Financial terms of the deal was not disclosed.
Valitor CEO Vidar Thorkelsson said: “This acquisition is an important strategic move for Valitor. The rapid expansion of Fintech based solutions in the mobile, online and point of sale sector means that to stay ahead of our competitors we need to continue to offer our customers and partners the best possible technology and services. The acquisition strengthens Valitor’s leading position in the marketplace.
“The wealth and experience that IPS will now bring to Valitor is significant and will enhance Valitor’s already strong reputation in the payment provision sector.”