Spire Payments takes on Middle East with STS acquisition

POS

Spire Payments has announced the acquisition of the electronic funds transfer division of Middle Eastern point-of-sale company STS.

STS provides POS payment devices and associated services to more than forty customers across UAE, Saudi Arabia, Kuwait, Jordan, Qatar, Lebanon, Egypt and Oman.

The acquisition will result in the creation of Spire Payments MEA, a huge international leap for the Salisbury-based POS business.

With its headquarters in Dubai the newly formed Spire Payments MEA will offer best-of-class services such as software development, technical support and repairs to augment the sales and marketing activities.

The MEA centre will also include a POS application development division and a fully equipped terminal repair facility in Jordan together with secure warehousing for all Spire Payments customers within the region.

So far, Spire has centres in Spain, England, Scotland, Central Eastern Europe and China. This last move provides a perfect springboard to exploit multiple opportunities within the Middle East and Africa region.

“This acquisition is yet another decisive step in our drive to deliver our global payment strategy and to accelerate our revenue growth,”
said Kazem Aminaee, CEO and president of Spire Payments. “STS and Spire Payments will work together to ensure continuity with existing installations and a platform to welcome all new customers.”

“We see MEA as one of the most promising regions for growth and innovation and this is a truly exciting day for both STS and Spire,” he added.

Related reading

phones
iZettle_Jacob de Geer
voxa
fintech infographic

Leave a comment