TAP subsidiary signs $1.5 million contract with Wincor Nixdorf in China

TAP confirms deal with Wincor Nixdorf

A subsidiary of customer-centric solution provider TAP Investments Group in the People’s Republic of China (PRC) has signed a contract worth over $1.5 million with global electronic POS systems (EPOS) and automated teller machine (ATM) manufacturer, Wincor Nixdorf. The contract spans from 1st January to 31st December 2012 and will provide Helpdesk, Hardware, Software Maintenance, New Store Opening and IMAC services to over 1100 health and beauty retailer outlets in the PRC.

Calinda Lee, General Manager of TAP services, says that the size of the new order is more than a third of their 2012 budget and consolidates TAP’s standing in the Asia retail solution market. She goes on to say that the deal “represents a good foundation to build and expand our Retail Alliance and mobile Stored Value Card initiative which is a virtual gift card and virtual loyalty type solution.”

The deal follows the recent merger of TAP with Sino Payments, a provider of IP credit and debit processing services. Both companies operate within the retail industry. The merger agreement is such that all TAP activities, including this new contract, are folded into Sino Payments, effective as of merger close and financials consolidated, expected March 2012.

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