Ingenico Acquires Phos, extending its offer for Merchant Payment Acceptance via Smartphone

ThestrategicpurchaseofPhosisanextstepinIngenico'sevolution towardssoftware-driven services,following recentacquisitionof Ingenico by the investment funds managed by affiliates of Apollo Global Management (the "Apollo Funds") in September 2022

PARIS,March 30,2023 -- Ingenico,the global leader in payments acceptance solutions,announces its acquisition of 100% ofPhos,aleadingprovider of software-only Point of Sale solutions (SoftPoS).

Phosisapremierplayer inthefast-evolvingSoftPoSspace,providingbest-in-classhighly flexible solutions to a large number of acquirers and PSPs. SoftPoS enables off-the-shelf smartphones or tablets to become payment terminals while complying with the highest standards of payment security.

UsesforSoftPoSaremultipleanddiverse.Theseincludeenabling smallmerchantsand 'solopreneurs' to accept digital payment in a world where cash payments are declining. However,SoftPoS also allows enterprise customers to equip their sales associates with tablet-type devices for in-aisle payments acceptance. SoftPOS isa dynamicand fast-growingmarket. TheinstalledbaseofSoftPoS terminals is expected to grow from 3.1 million worldwide in 2022 to almost 12 million in 2027.

PhoshasdevelopedaSoftPoS orchestration platform combining extensive connectivity with flexible user interfaces. With a full suite of services available,including acquirer integration and certification as a service,Phos brings new connectivity options quickly,easily and securely to its partners. The solution enables anycontactless form of card payment from the main international payment schemes as well as digital wallets such as Apple Pay and Google Pay and QR code-based payments.

ThePhosappisavailable formultipleuserinterfaces,offeringbothdynamic brandingbased ontheuserprofile andawhite-labelversion.Phosfeaturesapp-to-appandweb-to-appAPI- based integrations,as well as a software development kit (SDK) for embedded payment acceptance. The company has established the necessary connections to financial services where it operates and has active client and partner launch projects across all high growth markets.

This deal continues Ingenico's strategic expansion into new ways of serving its clients and reinforces Ingenico's role as the ecosystem enabler of choice for the payments industry. The solution complements Ingenico's PPaaS (Payments Platform as a Service). PPaaS enables clients,suchasacquirers,payment serviceprovidersandindependentsoftware vendors,to design andseamlesslydeliver paymentsand value-added servicesatthe pointof sale on Ingenico and non-Ingenico devices.Inline with this 'deviceagnostic'strategy,Phos isa natural complement to Ingenico's PPaaS business.

BradHyett,CEOofPhos,commentedonthedeal:"Wearedelighted tojoinIngenico andthis transaction marks a significant step in the development of Phos.Sincethecompany was founded,we have beena pioneer in our field,and we seea natural fitwithIngenico given their strong focus on delivering best-in-class innovative payment solutions as-a-service. We see strong customer demand and significant double-digit growth in the SoftPoSaddressable market worldwide and are convinced that Ingenico will help us capture more of that market and explore new use cases with clients globally. We look forward to accelerating the business together with the Ingenico teams over the coming months."

GiulioMontemagno,GeneralManagerofPPaaSforIngenicoadded: "Our clients and partners around the world have clearly identified SoftPoSasoneofthebiggestopportunities they see right now. They considerSoftPoS a strategic option to engage with new customer segments and develop and test innovative use cases at scale,with minimum incremental investments in technology and distribution. They are looking to Ingenico,as their trusted partner in payments acceptance,to help them do that. We are very excited to bring this high- quality opportunity to our valued customers by partnering with the talented teams at Phos."

ABOUT INGENICO

Ingenicoisthegloballeader inpaymentsacceptancesolutions.Asthetrustedtechnology partner for1,000+ banks,acquirers,ISVs,paymentaggregators and fintech customers,with up to 40 million POS terminals in service around the world,serving retailers ranging from small merchants to some of the best-known global brands,our world-class terminals,solutions and services enable the global ecosystem of payments acceptance. With 45 years of experience,innovation is integral to Ingenico's approach and culture,inspiring our large anddiversecommunity ofexpertswhoanticipateandhelpshapetheevolution ofcommerce worldwide. At Ingenico,trust and sustainability are at the heart of everything we do.

Formoreinformation,visitIngenico.com.