Dublin’s NomuPay, an end-to-end payment platform for expansion into regions of high cross-border and ecommerce growth, has acquired Manchester-based merchant services and bespoke payment processing solution provider, Total Processing.
The deal, comprising stock and cash, follows NomuPay’s recent Series A funding and aims to expedite expansion into Southeast Asia, Europe, Turkey, and the Middle East.
Take payments anywhere
Founded in 2015 by Alex Leigh, Matthew Hamer and Jean-Michel Soopramanien, Total Processing claims to transform the payment industry by prioritising customer-centric approaches.
The company specialises in tailored payment solutions, streamlined merchant experiences, comprehensive reporting, and a leading recurring payments platform.
Leveraging an extensive acquirer network and diverse payment methods, Total Processing boosts approval rates and revenue globally. The company empowers businesses to excel in the digital economy through innovative solutions and advanced fraud prevention tools.
Aim of the acquisition
What drew the attention of NomuPay CEO Peter Burridge was Total Processing’s steadfast commitment to exceptional customer service.
Burridge says, “In an industry that’s plagued by over-automation, chatbots and so-called ‘simple’ solutions, Total Processing stands out as a company that truly cares about the merchant’s experience.”
“What impressed me the most was the team’s mission and drive to become the ‘most customer-focused payments business in the world’; it’s apparent at every stage of the value chain. From streamlining the onboarding process to improving authorisation rates and simplifying chargeback management, Total Processing’s consultative approach is maniacally focused on improving each and every one of their merchant’s businesses.”
NomuPay’s Unified Payments (uP) Platform streamlines fragmented payment infrastructure across Southeast Asia, Europe, and Turkey. Offering scalable payment solutions and data management capabilities, the platform is gateway agnostic for enhanced versatility.
By integrating Total Processing’s merchant-centric services, NomuPay aims to uphold its agnostic approach.
This entails offering turnkey reporting dashboards, transaction monitoring tools, multi-currency treasury management, and cross-border disbursement capabilities to gateway and payment service provider partners.
NomuPay, a licensed provider in Europe and various Southeast Asian countries, will enhance Total Processing’s acquiring capabilities in Hong Kong, Malaysia, Thailand, the Philippines, and the European Union.
Robert Pailin, Total Processing’s CEO says, “Having NomuPay’s acquiring capabilities underpinning our merchant servicing offering is a big leap forward, we’re aligned in our customer-first approach, and this partnership will supercharge Total Processing’s growth.”
“With more resources, we’ll be able to innovate tech faster, expand into new markets, and bring even greater value to our merchants. Exciting times ahead!” adds Pailin.
NomuPay’s future plans
Post-acquisition, NomuPay aims to expand Total Processing’s merchant tools in Hong Kong and key Southeast Asian markets.
Additionally, they plan to leverage Total Processing’s UK and UAE presence to strengthen European operations and increase market share in the Middle East.
NomuPay CEO Burridge says, “At NomuPay, our goal is to provide our customers with an ‘all-access pass’ to payments, future-proofing their ability to successfully scale in high-growth regions. The acquisition of Total Processing will enable us to unlock that access through dedicated solutioning and customer-driven servicing.”
Read the orginal article: https://siliconcanals.com/news/nomupay-acquires-total-processing/
