Vectron Systems AG: Vectron and epay announce cooperation

Martinsried (Munich), Münster, March 11, 2019: Vectron Systems AG (Vectron) and epay, a part of the listed payment service provider Euronet Worldwide, Inc. (NASDAQ:EEFT) with USD 6.6 billion market capitalization, have agreed to develop and offer new functions and services together for operators of cash register systems. The focus is on alternative payment methods such as Alipay as well as the distribution of classic products such as mobile phone recharges and electronic vouchers. Both companies are among the market leaders in their sectors and see considerable potential in a cooperation.

Vectron is one of the largest European manufacturers of cash register systems with the focus on the catering and bakery sectors. epay offers access to many popular, alternative payment methods as well as prepaid and gift cards by means of its cash register integration software.
The aim of the cooperation is to combine these features as industry-specific service components with the cash register and thus to enable gastronomes and bakers simple ways of modern payment and customer loyalty. The industry solution, which shall be specifically adaptable to the needs of customers, includes both entry-level versions without a terminal as well as expansion stages including comprehensive cash register systems with terminal solution and customer retention options.

Affiliated companies benefit from better customer service and shopping experience as well as from additional savings through streamlined processes. Caterers and bakers can therefore simply offer cashless payment transactions and tap into new customer groups and additional revenue via popular alternative payment methods and prepaid solutions. "The breadth of possible cash-based payments and the large portfolio of prepaid and gift card products with internationally renowned brands is a valuable addition to our offer", explained Thomas Stümmler, co-founder and director of Vectron.

Both companies see further potential in the cooperation through the access to new sectors and therefore, in the medium term, also to new considerable sources of revenue. "For epay the cooperation offers numerous opportunities such as the opening up of new markets in the field of catering and bakery sector, where Vectron holds a leading position in Europe with more than 200,000 cash registers in this segment", explained Marc Ehler, managing director of epay Europe. Meanwhile, Vectron gains access to epay's thousands of different prepaid products. In addition, Vectron participates by the integration of the strongly growing alternative payment systems into the cash registers, which epay already activates worldwide.

About Vectron:
With more than 200,000 installations, the listed company Vectron Systems AG is one of the largest European manufacturers of cash register systems in German-speaking countries and the Benelux countries in the catering and bakery sectors. Several hundred retailers distribute their products internationally. Digital Cloud Services are offered under the brand names myVectron and bonVito. The range extends from loyalty and payment functions to online reservation and online reporting. All services are directly connected with the cash register system, and ultimately the central Data Center. More information at www.vectron.de.

About epay:
epay is a world-leading full-service provider for payment and prepaid solutions and processed 1.15 billion transactions in 2018. The company has built up an extensive network of retailers with 719,000 point-of-sale terminals in 45 countries, to connect renowned brands with consumers all around the world. The company offers a portfolio of gift cards (prepaid, closed loop and gift cards), business incentives and payment solutions (card acceptance, terminals, e-commerce, mobile and Internet of Payment) for omnichannel commerce, and offers its services thanks to its proprietary cash register integration software.
epay is a segment of Euronet Worldwide, Inc. (NASDAQ: EEFT), a Kansas-based company which earned $2.5 billion in revenue in 2018, employees 7,100 employees and serves customers in 165 countries.

Contact Vectron:
Tobias Meister
Vectron Systems AG
Willy-Brandt-Weg 41
48155 Münster, Germany
Phone +49 (0) 2983 908121
Mobile +49 (0) 170 2939080
Fax +49 (0) 251 2856-560
[email protected]
www.vectron.de

Contact epay:
Jana Weisshaupt
PR & Communications
epay - transact Elektronische Zahlungssysteme GmbH
Fraunhoferstr. 10
82152 Martinsried, Germany
+49 89 899643 499
[email protected]
www.epay.de

 

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Language:English
Company:Vectron Systems AG
 Willy-Brandt-Weg 41
 48155 Münster
 Germany
Phone:0251/ 28 56 - 0
Fax:0251/ 28 56 - 564
E-mail:[email protected]
Internet:www.vectron.de
ISIN:DE000A0KEXC7
WKN:A0KEXC
Indices:Scale 30
Listed:Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange

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