InComm Payments buys Australian gift card provider TCN
Global paytech company InComm Payments has acquired The Card Network (TCN), an Australian multi-brand gift card provider, for an undisclosed sum.
InComm Payments acquires The Card Network
InComm Payments says the move will boost its ability “to create personable gift card products that consumers seek” while supporting business growth for its brand and retail partners.
Founded in 2019, TCN aggregates leading consumer brands in Australia onto one card to allow “greater flexibility and choice” to gift card recipients. Additionally, TCN also provides gift products to Australian companies for incentive, loyalty and rewards programmes.
InComm Payments first entered Australia and New Zealand in 2010, introducing international brands to the gift card market that were previously unavailable to consumers in the region.
The company, which provides end-to-end payment platforms and fintech solutions, is headquartered in Atlanta, USA, and has a presence in more than 30 countries.
