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AEVI and Mastercard Partner to Simplify Omnichannel Shopping Experience

aevi and mastercard partner to simplify omnichannel shopping experience | Fintech Finance

AEVI and Mastercard Payment Gateway Services (MPGS) announced an expanded partnership today to use their combined technologies and reach to simplify the omnichannel shopping experience.

AEVI integrates payments and data across all customer channels by providing an open platform that is both device
and solution independent. This platform, combined with MPGS’ encompassing digital gateway services, provides
merchants another choice that brings payments straight to where the customer is – across multiple touchpoints in-
store and online.

The collaboration will see AEVI and MPGS initially focus on Europe, with further expansion opportunities. By
providing easy access to any payment technology and business solution, the partnership will help banks, acquirers,
PSPs, ISOs and ISVs drive digital efficiency and innovation across their payment experiences.

In addition to the commercial relationship, Mastercard will become a minority investor in AEVI, along with existing
shareholders Diebold Nixdorf, HPE Growth Capital and Schroder Adveq, with Diebold Nixdorf remaining as the
majority shareholder. Financial terms of the companies’ investments were not disclosed.

Mike Camerling, AEVI’s CEO commented, “The commercial relationship and equity investment between
Mastercard and AEVI will help accelerate AEVI’s goal to become an industry-standard platform for face-to-face
payment integration. AEVI will be better positioned to support all of its customers, and to pursue more market
opportunities and to do so more rapidly.”

Keith Douglas, EVP of MPGS stated, “More than ever, we see the convergence of digital and physical payment
channels as a key driver in enhancing customer experience. We’ll look to lean into this collaboration and expanded
relationship to support our shared merchant customers and partners in their efforts to grow and strengthen
consumer relationships.”

“HPE Growth invests in outstanding management teams with strong growth ambitions of companies that have
developed leading scalable technology. AEVI is well positioned to accelerate its current growth trajectory and can
have a real impact on the fast-changing world of payments”, adds Frederic Huynen, Principal at HPE Growth.

David Caldwell, Diebold Nixdorf SVP Strategy & Corporate Development, said, “We are pleased to welcome Mastercard as a co-investor into AEVI, and for their interest in working jointly on this rapidly developing area. Mastercard’s global perspective will be an important contributor to AEVI’s growing capabilities in meeting the
needs of a wide range of its customers’ rapidly growing and evolving needs.”

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