AEVI integrates payments and data across all customer channels by providing an open platform that is both device and solution independent. This platform, combined with MPGS’ encompassing digital gateway services, provides merchants another choice that brings payments straight to where the customer is – across multiple touchpoints in-store and online.
The collaboration will see AEVI and MPGS initially focus on Europe, with further expansion opportunities. By providing easy access to any payment technology and business solution, the partnership will help banks, acquirers, PSPs, ISOs and ISVs drive digital efficiency and innovation across their payment experiences.
In addition to the commercial relationship, Mastercard will become a minority investor in AEVI, along with existing shareholders Diebold Nixdorf, HPE Growth Capital and Schroder Adveq, with Diebold Nixdorf remaining as the majority shareholder. Financial terms of the companies’ investments were not disclosed.
Mike Camerling, AEVI’s CEO commented, “The commercial relationship and equity investment between Mastercard and AEVI will help accelerate AEVI’s goal to become an industry-standard platform for face-to-face payment integration. AEVI will be better positioned to support all of its customers, and to pursue more market opportunities and to do so more rapidly.”
Keith Douglas, EVP of MPGS stated, “More than ever, we see the convergence of digital and physical payment channels as a key driver in enhancing customer experience. We’ll look to lean into this collaboration and expanded relationship to support our shared merchant customers and partners in their efforts to grow and strengthen consumer relationships.”
“HPE Growth invests in outstanding management teams with strong growth ambitions of companies that have developed leading scalable technology. AEVI is well positioned to accelerate its current growth trajectory and can have a real impact on the fast-changing world of payments”, adds Frederic Huynen, Principal at HPE Growth.
David Caldwell, Diebold Nixdorf SVP Strategy & Corporate Development, said, “We are pleased to welcome Mastercard as a co-investor into AEVI, and for their interest in working jointly on this rapidly developing area. Mastercard’s global perspective will be an important contributor to AEVI’s growing capabilities in meeting the needs of a wide range of its customers’ rapidly growing and evolving needs.”