Stitch acquires ExiPay for In-person payments, expands into unified commerce
Leading payments infrastructure company Stitch has acquired in-person payments provider ExiPay.
This is an important acquisition for Stitch, as it can now offer both online and in-person payments through a unified platform and support multi-lane retail and omnichannel commerce businesses across all their payments requirements.
“We’re excited to bring the ExiPay solution into the Stitch payments suite, enabling enterprise merchants to offer a seamless and reliable payments experience no matter where their customers choose to shop,” said Stitch co-founder and president Junaid Dadan.
“ExiPay has built a strong solution that, combined with our existing online payments platform, will allow us to serve our clients from a much more holistic perspective, supporting them across every payments touchpoint they have with their customers.”
Multi-channel payment platform
With the ExiPay acquisition, Stitch is launching an in-person payments offering to complement its existing online payments services.
Enterprise businesses will now be able to accept in-person payments via card present, as well as through alternative online methods at the point of sale, and online payments across methods.
Stitch In-person payments can be used with any POS terminal device, and any existing acquiring bank. Stitch can help current and new clients begin using Stitch in-person payments quickly and easily, supporting with device certification including P2PE.
With Stitch In-person payments, merchants will enjoy the same level of flexibility, reliability, and white-glove support that they receive from Stitch online payments.
Thanks to its multi-channel offering, Stitch can now serve:
- Retail merchants operating primarily in-store.
- Retail merchants with an online and in-store presence.
- Omnichannel merchants looking to unify their offering across channels.
- Merchants in the financial services or gaming space that are looking to accept payments or wallet top-ups from customers in person as well as online.
These services are all offered across multiple banks and using multiple networks to enable automated failovers and superior uptime.
Impressive client list
Since launching in 2021, Stitch has raised $52 million in total funding.
It has also onboarded many of the leading global and African businesses, including MTN, Luno, Multichoice, The Foschini Group (TFG), Vodacom, Cell C, The Courier Guy and more.
Stitch will now take on ExiPay’s existing contracts with enterprise clients and PSPs operating in African markets.
This includes the omnichannel retail brand Bash, which will be served by Stitch for both its online and in-person payments needs.
“At Bash, we’re committed to providing our customers with seamless and reliable payment experiences, both online and in-store. Partnering with Stitch enhances our ability to deliver on this promise by streamlining operations, improving payment success rates whilst offering our customers more ways to pay wherever they shop. We’re excited about the potential this partnership brings to elevate TFG’s omnichannel strategy,” said Luke Jedeikin, Co-Founder and CEO at Bash.
Merchants interested in joining the illustrious list of brands that use Stitch for their payments infrastructure can get in touch at [email protected].
You can expect end-to-end support from Stitch’s customer success and customer solutions teams.
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