Payments enablement firm NMI has acquired the payments solutions company USAePay to offer their joint customers more choices, NMI announced in a press release on Tuesday (Feb. 23). The acquisition will also elevate NMI’s technical capabilities and further cement its leadership position in global omnichannel payments.
The coronavirus pandemic has changed the way people work, learn, shop and eat, making it more important than ever for merchants to offer a variety of payment methods. Omnichannel solutions are now the leading payment processing method regardless of industry.
The combined entity will make for a stronger global omnichannel offering, using each company’s top tools for eCommerce, unattended payments, retail and mobile payments. The acquisition will enhance NMI’s coverage in several important verticals, including retail and restaurants, where USAePay has a strong presence due to its card-present point-of-sale offerings, according to the release.
“This is an exciting move by NMI and USAePay. If there’s anything 2020 taught us, it’s the importance of omnichannel,” said Mike Strawhecker, president of The Strawhecker Group (TSG), an analytics and consulting firm focused on the payments acceptance industry. “The restaurant and retail industries are prominent examples of this, but it’s true across the board. With nearly a half-century between the two companies of transacting payments, they should be able to reliably innovate at a rapid pace.”
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