The acquisition establishes a new operational base in Vancouver, complementing Paynt’s existing locations in Connecticut and several European markets. This move integrates E-xact’s robust infrastructure into Paynt’s management, with an annual processing volume exceeding CAD 3.5 billion across over 50 million transactions. Founded more than two decades ago, E-xact is recognized for its focus on transaction speed and compatibility with commerce platforms such as Shopify, Magento, and WooCommerce.
Expansion Plans and Integration
Paynt representatives indicated that the acquisition of Canadian operations supports a broader objective to build a scalable, transatlantic payments infrastructure. Adding Vancouver as an operational hub enables deeper engagement with partners and merchants in the region while enhancing Paynt’s ability to serve unattended and online commerce environments. The company is reviewing further acquisition opportunities in the United States and anticipates completing at least one additional transaction by the end of 2025.
Insight into Paynt
Paynt, which commenced operations in 2014, currently offers payment solutions across the European Economic Area and the UK. Its services encompass POS systems, integrated tipping functions, and financial services tailored for retail and hospitality businesses. As of now, Paynt has a presence in Latvia, Lithuania, Estonia, Ireland, the UK, the USA, and Canada.
In March 2024, Paynt unveiled a cashless tipping solution called URocked in Ireland, coinciding with the opening of its Irish office. Company representatives stated that the primary goal of URocked was to boost income for staff in the hospitality sector.