German-based fintech company, AEVI joins hands with Master Payment Gateway Services to integrate their technologies and accomplish the aim of not only elevating omnichannel digital shopping but also improving the end-to-end user experience.
AEVI collects payments and data across various customer channels by offering them an open, device-independent platform. When a platform like AEVI itself combines with MPGS’s digital solutions services, it provides merchants and other business operators an additional choice that brings payments across multiple touchpoints in-store and online.
Keith Douglas, EVP of MPGS believes this convergence of digital and physical payment channels is a key driver in enhancing customer experience. They will look to lean into this collaboration and expanded relationship to support their shared merchant customers and partners in their efforts to grow and strengthen consumer relationships.
The extended partnership will initially target Europe, which is intended to help advance and streamline payment services for banks, acquirers, PSPs, ISOs, and ISVs and also drive digital efficiency and innovation across their payment experiences.
Along with the commercial relationship between the two, Mastercard will also become a minor investor in AEVI, along with existing shareholders Diebold Nixdorf, HPE Growth Capital, and Schroder Adveq, with Diebold Nixdorf remaining as the majority shareholder.
“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 pursue more market opportunities, and do so more rapidly,” claimed Mike Camerling, CEO of AEVI”.
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.”
Related: Mastercard teams up with Indian Razorpay to enhance and grow SMB’s digital payment systems
