Ecentric Fee Methods, a retail fee processor throughout South Africa has introduced its acquisition of progressive expertise fee options firm Thumbzup.
This transfer advantages each corporations’ clients and advances Ecentric’s purpose of dominating omnichannel retail on a nationwide scale.
Ecentric is famend for its best-of-breed expertise, primarily serving Tier One enterprise clients. It presently handles 20% of South Africa’s card transactions and acts as a trusted fee accomplice.
The acquisition of Thumbzup’s mental property (IP) represents a big enlargement into the broader retail sector, enabling Ecentric to succeed in extra nationwide retailers within the tier-two retail sector and function a trusted accomplice to service suppliers supporting small and medium-sized enterprises (SMEs).
Ecentric CEO Hassen Sheik highlights the strategic significance of this acquisition for his or her progress plans. He emphasizes the necessity for a bodily in-store functionality, enabling the mixing of point-of-sale gadgets and expertise, particularly for nationwide retailers. This transfer enhances Ecentric’s choices, together with gadgets, fee software program, terminal administration methods, and value-added providers, permitting it to cater to a broader vary of nationwide retailers whereas reinforcing its omnichannel strategy.
This acquisition additionally simplifies the fee course of for brand spanking new clients, offering a one-stop answer for each in-store and on-line fee necessities, backed by a streamlined reconciliation course of. Moreover, it empowers Ecentric to boost its present choices to present clients.
Ecentric is totally integrating Thumbzup’s IP, gadgets, and expertise stack into its operations. The acquired group’s technical experience reduces time-to-market for customer-centric options, particularly in integrating point-of-sale software program with fee gadgets.
Ecentric goals to make the most of undisclosed Thumbzup group tasks for multi-retailer point-of-sale integration sooner or later. This strategic transfer additionally positions Ecentric to actively have interaction in best-of-breed Android fee capabilities, increasing past conventional fee providers.
This aligns with Ecentric’s technique to develop into a number one retail service supplier, supporting customers’ fee wants in varied settings. The combination of expertise and IP from Thumbzup enhances Ecentric’s capabilities and strengthens its worth proposition for purchasers.
