Paynt has strengthened its position in the North American payments market by acquiring Canadian payments firm E-xact Transactions.
The move marks a major step in Paynt’s global expansion strategy, particularly as the company continues to target growth across the US and Canada. The deal builds on Paynt’s annual processing volume of £4bn across 10,000 merchants in the UK and the European Economic Area, further establishing it as a key player in global payment infrastructure.
E-xact Transactions, founded over 25 years ago, has built a strong reputation for secure, fast electronic payment processing. The company supports leading e-commerce platforms including Shopify, Magento, and WooCommerce, and handles an annual processing volume of CAD 3.5bn across 50m transactions.
Established in 2014, Paynt operates out of its UK headquarters and maintains offices in the Baltic States, Ireland, and the United States. The company is widely recognised for its innovative payment solutions, including a cashless tipping platform that has made it a leading provider of payment services for the hospitality and service industries in its core markets.
Paynt founder and board member Sam Kohli said, “This acquisition will enable Paynt not only to deliver high-performance solutions but also to expand our operations by offering omnichannel payment processing services throughout Canada.
“With an established presence in Connecticut and a new office in Vancouver, we are entering the next stage of growth in the North American market, expanding the frontiers of our innovation and reinforcing Paynt’s position as a global leader in payment solutions, building on its established leadership in markets such as the UK.”
The integration of E-xact Transactions is expected to complement Paynt’s existing product offering and position the company for significant growth across North America. To support this effort, Paynt has appointed payments industry veteran JohnPaul Golino to its board of directors. Golino will be responsible for overseeing the integration of E-xact into Paynt’s operations, aligning teams, and driving go-to-market efforts across the region.
Looking ahead, Paynt is actively exploring additional acquisitions in the United States, with the goal of completing another deal by the end of 2025.
The company offers a comprehensive suite of integrated payment solutions, providing infrastructure for card processing, local and international payments, POS and SoftPOS terminals, e-commerce services, digital wallets, and more.
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