NMI has acquired USAePay, a payment solutions company. Bringing together the NMI and USAePay solution sets allows the combined entity to better serve its joint partners and the market by expanding NMI’s technical capabilities, offering more choice and further establishing its leadership in global omnichannel payments.
NMI’s acquisition of USAePay will create an even stronger global omnichannel offering, pairing each company’s leading solutions across e-commerce, unattended, retail and mobile payments. Its joint offerings and capabilities will drive more value for partners and developers, and enable more modularity to create unique payment solutions for consumers. The acquisition will also strengthen NMI’s coverage in several key verticals, including retail and restaurant where USAePay has established footprints due to their card-present point-of-sale offerings.
The combined company accounts for $100+ billion in payment volume and 1.5+ billion in payment transactions in 2020.
Terms of the acquisition are undisclosed.