Payworks to power new POS tool for Bambora
Point-of-sale (POS) technology provider Payworks has formed a partnership with multi-channel payment solutions company and Ingenico subsidiary Bambora, reports Julie Muhn at Finovate.
Payworks and Bambora are partnering to launch Bambora Connect, a solution for POS software providers and merchants.
Connect leverages the expertise of both Bambora, which offers merchant sales savvy, and Payworks, which provides payment technologies and integration capabilities.
Connect will work with multiple mobile and stationary card terminals, enabling merchants to accept Visa, Mastercard, and American Express payments in six currencies across Europe.
Through their collaboration, Bambora, which processes more than $62 billion (€55 billion) per year and serves merchants in 70 markets, and Payworks will facilitate software integration for Bambora’s customers without the need for technical expertise.
Connect will be available in the autumn/fall of this year; Bambora’s existing clients can begin onboarding their merchants now.
Payworks provides three payment technology offerings: Pulse, a set of SDKs and APIs that allow developers to offer their merchants EMV certified, PCI compliant, and P2PE ready POS solutions; Accept, a white-label mPOS solution that enables merchants to accept card payments; and Engage, which enables developers using Pulse to build customer engagement solutions.
Founded in 2012, Payworks’ partners include First Data, TSYS, Stripe, and American Express.
Earlier this spring, Payworks teamed with Hubtel to enable merchants in Ghana to accept payments.
Payworks has raised $19 million and has offices in Munich, New York, London, and Barcelona.
