VeriFone Completes Acquisition of EFTPOS New Zealand
Completion of services-oriented payments business complements earlier distributor-focused acquisition to more directly serve New Zealand
WELLINGTON – 4 June, 2013 – VeriFone Systems, Inc., announced today it has completed the acquisition of EFTPOS New Zealand Ltd. (ENZ)
ENZ will continue to operate under its current branding, EFTPOS New Zealand, as a VeriFone company. It is the largest eftpos solutions and payments provider in New Zealand, directly serving more than 40,000 merchant customers and offering customers an end-to-end payment solution, including card acceptance devices, software, services and processing.
Earlier this year, VeriFone announced it had completed the acquisition of the Sektor Payments operation of the Sektor Group of New Zealand. Sektor Payments is now operating as VeriFone New Zealand, which provides its New Zealand distribution partners greater access to VeriFone’s expertise, advanced solutions and services that add value to both merchants and consumers.
“VeriFone’s local presence in New Zealand reflects the importance and opportunities of the expanding electronic payments market in the country,” said Anthony Chalhoub, general manager, Australia and New Zealand, for VeriFone. “ENZ reflects VeriFone’s vision for a services-based alternative payments infrastructure, while VeriFone New Zealand leverages our long-standing distribution channels to deliver payment solutions through specialised distributors and resellers who can tailor their offerings to the specific needs of diverse merchants.”
As a global supplier of payment solutions, VeriFone operates in more than 110 countries with a worldwide workforce of more than 5,000 employees. VeriFone payment solutions are designed to meet the needs of merchants, processors, banks and acquirers in both developed and emerging economies worldwide.