The financial technology firm, Trust Payments announced yesterday that the company has acquired WonderLane, a prominent name in retail technology. Through the acquisition, Trust Payments will be able to deliver innovative retail operations technology solutions to any shop within the company's electronic point of sale offerings.
Trust Payments noted that the acquisition of WonderLane will expand its offering. The company is planning to facilitate its clients through a wide range of services within a single platform. Additionally, the fintech firm highlighted the growing trend of self-checkouts and wireless contact payments.
"It is a natural extension for Trust Payments to acquire WonderLane and combine their retail operations technology expertise with our vision for payments across Converged Commerce. We will accelerate our expansion and retail expertise to support self-checkout kiosks, mobile-based click & collect services, or smaller Android-based mobile payment units for smaller enterprises looking to offer contactless payments,” Daniel Holden, the Group CEO at Trust Payments, said recently.
The global demand for frictionless payments has surged in the last few years. Consumers around the world have started adopting digital tools to reduce the use of cash.
Payment Solutions
According to Martin Hartley, the Director at WonderLane, customers can now take advantage of innovative payment solutions with a broad list of product options. With a strong global footprint, Trust Payments provides on-demand Payments and Banking-as-a-Service services to help businesses grow and scale online, in-store and on mobile devices. With more than 400 people across the company’s 10 offices, Trust Payments is facilitating different business sectors, including retail, travel and hospitality to crypto, gaming and other financial services.
"We are delighted that WonderLane has become part of the Trust family. WonderLane and Trust's complementary product set will help to ensure that customers can benefit from innovative payments solutions and an expanded product suite,” Hartley said.
