SCHAUMBURG, IL – FEBRUARY 23, 2021 – NMI, a leading global payments enablement technology company, today announced it 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.
As merchants continue adapting their payment strategies to meet consumers where they are during COVID-19, omnichannel solutions have cemented their role as the leading payment processing method across industries. 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.
We’re committed to providing our ISO, ISV, bank and fintech innovator partners with the choice and flexibility they need — Vijay Sondhi, CEO of NMI.
“NMI has a history of continuously innovating to provide payment solutions that reflect changing market conditions,” said Vijay Sondhi, CEO of NMI. “We’re committed to providing our ISO, ISV, bank and fintech innovator partners with the choice and flexibility they need to meet shifting consumer preferences across channels through our white-labeled platform. The addition of USAePay to the NMI family will complement our existing products and bring additional expertise to our team. It will further establish our commitment to offering greater scale, breadth and depth in our solutions and resources to better serve the market. Our combination reinforces our position as the main independent player of scale delivering flexible white-labeled solution agnostic of acquirer or merchant account provider."
“This is an exciting move by NMI and USAePay. If there’s anything 2020 taught us, it’s the importance of omnichannel,” said Mike Strawhecker, President of The Strawhecker Group (TSG), an analytics and consulting firm focused on the payments acceptance industry. “The restaurant and retail industries are prominent examples of this, but it’s true across the board. With nearly a half-century between the two companies of transacting payments, they should be able to reliably innovate at a rapid pace.”
The combined company accounts for $100+ billion in payment volume and 1.5+ billion in payment transactions in 2020.
Fill out the form below and we will get in touch with you shortly
Finaro, Mastercard, Northmill and NMI Partner To Pioneer First Cloud Commerce Deployment in Europe
Finaro, the global cross-border payment provider and fully licensed bank, has today announced its European Cloud Commerce deployment with paym...Learn More
Old Habits Die Hard: What’s Keeping Consumers Away From Biometric Payments?
Biometric payments are changing the way people pay, both in-store and online. This technology uses biological identifiers, such as a person's ...Learn More
Why 46% of Top 1,000 Retailers Offer Buy Now Pay Later
Buy Now Pay Later (BNPL) is slated to be one of the fastest-growing payment trends in 2023 - especially among younger consumers. In 2021, 45.9...Learn More
Banks could lose ground to Fintechs by not investing in innovative payment technologies
The fintech space is growing - and there’s no stopping it. Studies estimate that the global fintech market will reach $814 billion by 2030, re...Learn More
NMI arms itself for a tougher economy with acquisitions, partnerships
Fears of a recession are looming. A recent survey by Provident Bank found that 67% of small to medium-sized businesses believe a recession may...Learn More
Integrated payments are here - are ISOs ready?
ISOs are feeling the pressure from software companies stepping into the payments arena. Our CEO, Vijay Sondhi, discusses the opportunities ISO...Learn More
Contactless payments on kiosks in open spaces
Our Head Of Product Marketing, Peter Alcock, discusses how the expectations around contactless payments have evolved since the onset of the pa...Learn More
Here’s what payment innovations will be spurred and adopted amid market uncertainty
The onset of the pandemic accelerated the adoption of payment innovations and quickly adapted how we pay. Our CEO, Vijay Sondhi, discusses how...Learn More
NMI Acquires Agreement Express’s Payments Solutions, Providing More Value for Partners
SCHAUMBURG, IL – DECEMBER 6, 2022 – NMI, a leading full commerce enablement technology company, has acquired the Agreement Express payments so...Learn More
NMI Partners With Kount, an Equifax Company, to Enhance Advanced Fraud Protection
SCHAUMBURG, IL – NOVEMBER 17, 2022 – NMI, a leading full commerce-enablement technology company, today announced a product collaboration with ...Learn More