Stitch expands enterprise payments with ExiPay acquisition, enters in-person transactions market

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Stitch, a leading enterprise payment solutions provider, has strengthened its foothold in the omnichannel payment solutions market with the of in-person payments specialist . The deal positions Stitch as a comprehensive payments provider, enabling businesses to seamlessly process transactions across online and physical storefronts.

Despite rapid digital transformation, only 6% of retail transactions in occurred online in 2024, with projections indicating a rise to 10% by 2025. However, consumer behavior suggests that businesses must maintain both online and physical presences to cater to shifting shopping preferences. Stitch’s expansion into in-person payments solutions aligns with this trend, allowing businesses to unify transactions across multiple channels with a single payment infrastructure.

What Does the ExiPay Acquisition Mean for Enterprise Businesses?

By integrating ExiPay’s in-person payment technology, Stitch is extending its capabilities beyond digital transactions to serve enterprise businesses requiring omnichannel payment solutions. The acquisition allows merchants to accept card-present transactions and alternative digital payments at the point of sale, providing flexibility and enhancing the overall shopping experience.

According to Junaid Dadan, Co-founder and President of Stitch, the move is designed to create a fully unified payments ecosystem that enhances efficiency for enterprise merchants.

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“We’re excited to bring the ExiPay solution into the Stitch payments suite, enabling enterprise merchants to offer a seamless and reliable payments experience no matter where their customers choose to shop, and manage all their transactions in one place,” said Dadan. “ExiPay has built a strong solution that, combined with our existing online payments platform, will allow us to serve our clients from a much more holistic perspective, supporting them across every payments touchpoint they have with their customers.”

The expansion enables enterprise retailers to consolidate online and in-person payment processing under one provider, streamlining financial operations and improving transaction success rates.

How Will Stitch Enhance the In-Person Payments Experience?

Stitch’s in-person payments solution is tailored for enterprise retailers, financial services providers, and gaming businesses looking to facilitate secure, high-uptime transactions. The integration supports a broad range of payment methods, allowing merchants to leverage Stitch’s payments infrastructure while maintaining control over their preferred terminal setup.

Merchants can either adapt their existing payment terminals to work with Stitch or opt for new devices that meet industry standards, including P2PE certification. This ensures compliance with stringent security regulations while maintaining the same reliability and flexibility as Stitch’s digital payments platform.

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The solution is also bank-agnostic, providing direct integrations with multiple acquiring banks to ensure automated failovers, higher transaction uptime, and a frictionless checkout experience.

Which Enterprise Clients Will Benefit from Stitch’s Expansion?

At the time of acquisition, ExiPay’s in-person payment technology was already being used by several large retailers and PSPs (payment service providers) across South Africa and other African markets. One of its key enterprise clients, Bash / (TFG), is set to benefit from Stitch’s integrated approach.

“At Bash, we’re committed to providing our customers with seamless and reliable payment experiences, both online and in-store,” said Luke Jedeikin, Co-Founder and CEO of Bash. “Partnering with Stitch enhances our ability to deliver on this promise by streamlining operations, improving payment success rates, and offering our customers more ways to pay wherever they shop. We’re excited about the potential this partnership brings to elevate TFG’s omnichannel strategy.”

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With this acquisition, Stitch will handle both digital and in-person payments for Bash, consolidating its role as a key player in Africa’s omnichannel commerce sector.

What Are the Future Implications of Stitch’s Move into In-Person Payments?

The acquisition of ExiPay signals Stitch’s broader ambition to establish itself as the premier enterprise payment solutions provider in Africa. As consumer behavior continues to evolve, businesses will require payment platforms capable of handling complex, multi-channel transactions. Stitch’s latest expansion ensures that retailers, financial institutions, and service providers can operate more efficiently while delivering a seamless payment experience to customers.

By offering a fully integrated, omnichannel payment solution, Stitch is poised to redefine the enterprise payments landscape, ensuring businesses are well-equipped to navigate the future of digital and in-person commerce.


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