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Ingenico acquires Phos and extends merchant payment acceptance

March 28, 2023

Paytech Ingenico has announced the acquisition of software-based POS solutions provider Phos, extending its offering for merchant payment acceptance via smartphone.

As per the information detailed in the press release, the strategic purchase of Phos marks an additional step in Ingenico’s evolution towards software-driven services, after having been acquired by the Apollo Funds.

Ingenico, Phos acquisition details

Ingenico’s acquisition of Phos is believed to help complement its PPaaS (Payments Platform as a Service) offering, which enables clients, be those acquirers, payment service providers and independent software vendors, to design and provide payments and value-added services at the point of sale on both Ingenico and non-Ingenico devices.

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