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Secure Transactions News

Netcetera acquires mobile wallet provider Nexperts

Thursday 9 February 2017

Swiss financial software company Netcetera acquired Austrian mobile wallet provider Nexperts for an undisclosed sum in a bid to increase its footprint in the mobile payments sector.

 

In a statement, Netcetera said by combining the companies’ operations it will strengthen its hold on the payment market in German-speaking countries and allow it to provide a wider number of payment platform options to customers.

 

The company believes the acquisition also paves the way for it to develop support for new devices requiring secure payment facilities, including wearables and newly developed connected devices such as automobiles.

 

Netcetera currently supplies software used by 12 million people for shopping online through a range of its customers.

 

Nexperts’ central business is in providing white label NFC-based mobile wallets, but it also develops mPOS software alongside loyalty and coupon integration facilities for smartphone-based payment systems. Its customers include mobile operators, banks and retailers.

 

Nexperts was founded in 2007 in Austria. In 2009 the company delivered its first access control solution based on NFC technology. In 2011 Nexperts became MasterCard and VISA licensee and started Mobile Wallet development.

 

CEO and founder of Nexperts, Kurt Schmid will continue to lead the company as the digital payment division of Netcetera.