Ingenico

Ingenico

• founded in 1980 and is headquartered in Paris, France, and co-founded by Jean-Jacques Poutrel and Michel Malhouitre.
• Company positioning: The world's leading electronic payment technology company, focusing on providing secure and seamless payment solutions, covering POS terminals, online payments, mobile payments and cross-border transactions.
• Market coverage: Business in 170+ countries, with 4000+ terminal devices, leading market share in the world, and cooperating with 1,000+ banks and acquirers.

Core Products &

1. ServicesPayment Terminals & POS Solutions Smart POS Terminals: EMV/NFC Near-Field Payments and Telium, a proprietary operating system, for retail, F&B, hospitality and other industries28. Mobile payment devices: Provide portable terminals that support Bluetooth/Wi-Fi connectivity to adapt to the card-not-present payment trend. China Business (Liandi Commercial): In 2008, it acquired Fujian Liandi, became a major supplier of electronic payment terminals in China, and launched Android Smart POS.
2. Online and mobile payment gateways: Supports 150+ payment methods, including credit cards, digital wallets (e.g. Alipay, WeChat Pay), and local payment solutions15. Cross-border payment: Cooperate with China UnionPay, Visa, and MasterCard to optimize the payment acceptance capabilities of global merchants.
3. Value-added services and innovative business terminal as a service (TaaS): A cloud-based platform that provides payment terminal management and data analysis to help merchants optimize their operations17. Cryptocurrency Pilot: Pilot Crypto Payment Acceptance in France in 2023, exploring digital asset trading.

Market Positioning &

• StrategyOmni-channel Payment Ecosystem: Integrate offline POS, online gateways, and mobile payments to provide end-to-end solutions.
• M&A-driven growth: 2009 Acquisition of Easycash (€290 million)2. 2017 Acquisition of Bambora, Sweden (€1.5 billion) to strengthen online payments23. In 2022, it was acquired by Apollo Funds and transformed into an independent company to accelerate SaaS and cloud payment services.
• Localized layout: Cooperate with Alipay and WeChat Pay in China to serve outbound tourists5. Support UPI, local wallets in India, and expand into emerging markets.

Key Regulatory & Compliance

• Certifications: PCI DSS (Payment Card Industry Data Security Standard)6. EMVCo certification to ensure the security of chip card transactions.
• Data security incident: The Snatch ransomware attack in 2022 compromised some network credentials, but did not affect the core payment system.

TECHNOLOGICAL INNOVATION AND INDUSTRY

• IMPACTAXIUM PLATFORM: AN ANDROID-BASED SMART TERMINAL THAT SUPPORTS AN OPEN APPLICATION ECOSYSTEM.
• Open Banking Integration: Connect financial institutions through an API platform to drive card-not-present payment innovation.

Neutral evaluation

advantages:

1. global coverage capability: industry-leading number of terminal deployments and cooperative banks, adapting to multi-country payment habits.
2. Omnichannel integration: From traditional POS to digital payments, a complete merchant solution is available.
3. Technology-forward-looking: Actively deploy emerging fields such as SaaS and cryptocurrencies to maintain competitiveness.

Challenge:

1. M&A integration risk: Frequent acquisitions can increase management complexity, and innovation and operational efficiency need to be balanced.
2. Security compliance pressure: The payment industry is becoming more regulated and requires continuous investment in data protection