PeP snaps up Team4U to expand its Polish mobile and financial services offering

Polskie ePłatności (PeP), part of the European PayTech Nets/Nexi Group, has acquired a majority stake in Team4U, which is an app for owners of shops and service points.

According to Nets, the move follows several acquisitions made by PeP over the past five years, including NeoTu, Billbird, PayLane, TopCard and PayUp.

Simapka provides solutions that enhance distribution and sales processes for retail outlets. Its app allows the registration of SIM cards, sale of GSM top-ups or gift cards, number transfer between operators and new features in financial services.

Nets Merchants Services, part of Nexi Group CEO Robert Hoffman said, “Together with PeP and Team4U, we want to build an ecosystem in which payments will be supplemented by numerous additional services offered by POS. Our goal is to ensure retail outlets across Europe benefit from the rapid digitisation of payments via solutions like Simapka’s mobile application. We’re proud to welcome Team4U into the Nexi family and look forward to helping them continue to grow in the Polish market.”

Team4U CEO Rafał Rasmus added, “Bringing our company into the PeP Group – the fastest growing payment solutions provider in Poland last year – opens up many new opportunities for Simapka. With PeP, and as part of Nexi Group, we can increase the availability of our services to a new group of customers. It also allows us to create new features that can be implemented in Android, allowing our customers to use PeP’s services to help further digitise their lives.”

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