Vantage Payment Systems (VPS), a Moroccan electronic payment firm, has announced the arrival of FIVE, a subsidiary of AfricInvest, to its capital round. This move follows the acquisition of stakes held by former shareholders by Equity Invest, led by Ali Bettahi, who now owns 100% of the company's capital. The investment aims to enable VPS to accelerate its development strategy and strengthen its historical positioning in online payment.
The investment by FIVE, a financial inclusion vehicle dedicated to Africa, is expected to provide VPS with additional resources to invest in innovation and support more merchants in digitalizing their payments. According to Ali Bettahi, President of VPS, the arrival of FIVE will enable the company to accelerate its strategy and develop a comprehensive payment offering for merchants. This includes expanding its proximity payment services through its new TPE acquisition offer.
FIVE is a permanent capital investment vehicle dedicated to financial inclusion and the transformation of financial services in Africa. It supports financial institutions and technology companies that contribute to expanding access to financial services through digitalization and innovation. The partnership with VPS aligns with FIVE's goals of promoting financial inclusion in Africa.
VPS plans to accelerate its development in proximity payments through its new TPE acquisition offer, while continuing to develop its e-commerce and SoftPOS solutions. The company aims to provide merchants with an integrated experience, enabling them to manage their online, point-of-sale, and mobile payments within a single ecosystem.
Currently, TPE payments account for nearly 90% of the merchant electronic payment market, while online payments account for around 10%. VPS's strategic development plan seeks to capitalize on the growing demand for digital payment solutions in Morocco and Africa. The company's expansion plans are expected to be driven by its strengthened capital base.
The partnership between VPS and FIVE reflects the growing interest in digital payment solutions in Africa. As the demand for electronic payments continues to rise, companies like VPS are well-positioned to capitalize on this trend. The investment by FIVE is expected to support VPS's growth plans and expansion into new markets.
Going forward, VPS aims to provide merchants with a comprehensive payment solution that integrates online, point-of-sale, and mobile payments. The company's strategic partnership with FIVE is expected to drive growth and innovation in the digital payment sector in Africa.
Key points
- The investment by FIVE will enable VPS to accelerate its development strategy and strengthen its positioning in online payment.
- VPS plans to expand its proximity payment services through its new TPE acquisition offer.
- The partnership between VPS and FIVE reflects the growing interest in digital payment solutions in Africa.
