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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Ingenico Group    ING   FR0000125346

INGENICO GROUP

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INGENICO GROUP: Ingenico partners with Fintech Pundi X to enable crypto transactions around the world

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11/11/2019 | 09:45pm EST

  

Press Release
Singapore, November 12th, 2019

Ingenico partners with Fintech Pundi X to enable crypto transactions around the world

Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payment, and Singapore-based Fintech Pundi X have just announced a major milestone in the global adoption of crypto payments, as Pundi X has completed the integration of their XPOS software with the point-of-sale (POS) APOS A8 devices of Ingenico.

Leveraging blockchain to facilitate payments

Through this partnership, merchants around the world using APOS A8, Ingenico’s portable POS solution that runs on Android, will now be able to accept various cryptocurrencies as payment options and provide consumers with more secure and seamless transactions experience, powered by blockchain technology.

“We are honored and excited to partner with one of the largest payment leaders in the world. Pundi X can now leverage the APOS A8, the most widely sold Android payment device in the world and benefit from Ingenico’s global support in a number of key markets.” said Zac Cheah, Co-Founder and CEO of Pundi X. “Enabling crypto payments in Ingenico’s APOS A8 devices will undoubtedly make cryptocurrencies and blockchain technology more accessible to even more people.”

“Ingenico is always on the lookout for innovations that will further improve transactional processes, and we see Pundi X’s use of blockchain technology in points of sales as truly innovative,” said Marcus Low, Senior Vice President, Asia Pacific of Ingenico Group. “This partnership is as a great way to prepare for the future of payments and introduce cryptocurrency as a reliable payment option to our clients and customers worldwide.”

Seamless crypto payments for a growing blockchain community

Installing the XPOS module on an Ingenico POS terminal will enable merchants to process transactions in various cryptocurrencies, including BTC, ETH, BNB, XEM, DGX, DAI, ENQ, KNC, KCS, FX, QTUM, NPXS, NPXSXEM and other cryptocurrencies that are part of Pundi X payment ecosystem.

When transacting with Ingenico’s APOS A8 solution, merchants with XPOS module and crypto token holders will be able to transact directly through XWallet mobile app or XPASS cards, Pundi X’s physical multi-currency crypto card that facilitates crypto payments. The POS device will automatically provide conversion rates between fiat and crypto currencies at the retail outlets, enabling a seamless and speedy crypto transaction experience.

Pundi X’s XPOS software solution is available for deployment on all Ingenico APOS A8 devices in all major markets all around the world.

About Ingenico Group
Ingenico Group (Euronext: FR0000125346 – ING) is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world’s largest payment acceptance network, we deliver secure payment solutions with a local, national and international scope. We are the trusted world-class partner for financial institutions and retailers, from small merchants to several of the world’s best known global brands. Our solutions enable merchants to simplify payment and deliver their brand promise. Stay in touch with us: www.ingenico.com & @ingenico
For more experts’ views, visit our blog.

About Pundi X
Pundi X is a leading developer of blockchain-powered devices, including the world’s first point-of-sale solution, the XPOS, which enables merchants and consumers to do transactions on the blockchain in physical stores. The XPOS has been shipped to over 25 countries including Argentina, Australia, Brazil, Colombia, Korea, France, Switzerland, South Africa, Taiwan, the USA, Uganda, Venezuela and more. The company aims to roll out 100,000 devices to the global retail market by 2021. The XWallet app from Pundi X has crossed the 400,000 registered user mark as of today. Pundi X is also the creator of the world’s first fully-functional blockchain phone, Blok On Blok (BOB for short) powered by the Function X decentralized protocol that is designed to empower users to reclaim their data privacy. The company is headquartered in Singapore. Its international presence includes offices in Jakarta, São Paulo, Seoul, Shenzhen, Taipei, and Tokyo. Listed as one of the top 50 innovative fintech startups in 2018 by KPMG and H2 ventures, the company is also a member of Singapore Fintech Association, Fintech Association of Hong Kong, Blockchain Collaborative Consortium Japan, ACCESS, Swiss Finance and the Fintech Association. It is also a founding member of Asosiasi Blockchain Indonesia. For more information, please visit pundix.com or email press@pundix.com.

Media Contact / Ingenico
Hélène Carlander
Global PR Officer
(T): +33 (0)1 58 01 83 17
Email: helene.carlander@ingenico.com

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Financials (EUR)
Sales 2019 3 378 M
EBIT 2019 477 M
Net income 2019 243 M
Debt 2019 1 442 M
Yield 2019 1,45%
P/E ratio 2019 25,6x
P/E ratio 2020 21,8x
EV / Sales2019 2,16x
EV / Sales2020 1,97x
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