Jeton Venture Limited, registered E- Money Institution Agent with the reference number 900768 by the Financial Conduct Authority has agreed to acquire Best Pay Software Limited, United Kingdom-based PCI Level 1 global payment processing company.
The acquisition by Jeton Venture Limited will add technology, size and global reach to the Group, along with bringing in cost savings.
Best Pay Software CEO Joseph said, “I am glad to share the news that Best Pay have agreed terms with Jeton Venture Limited. Personally, for me, I have agreed a brief transition/hand over period which we expect to be completed by mid-December 2017, when I will leave the company.”
Jeton Venture Limited CEO Paul Barclay stated that “This acquisition is an important milestone for Jeton Venture Limited.
"As we welcome the Best Pay Software into Jeton family, we believe that their expertise, technology and payment solutions will greatly contribute towards expanding our size, scale, coverage and product offerings."
"For banks, partners, merchants and consumers, a secure Global PCI 1 payment data infrastructure is critical element to be a credible solution provider offering payment services, demonstrating the larger group meets and exceeds the high standards from the regulators.
"The larger business will now focus on delivering specific merchant and consumer payment solutions, ensuring we can improve user experience and payment optimization using our products.
"This acquisition agreement will undoubtedly accelerate our business expansion.”
source : www.igamingbusiness.com