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The fintech wave has nearly devoured the entire point of sale industry, as lone major holdout Ingenico weighs an unsolicited bid from an investment bank’s payments group.
Paris-based Natixis SA’s payments business is attempting to take over Ingenico, also based in Paris, in an acquisition that would put Ingenico in league with its POS terminal brethren — Verifone and Diebold Nixdorf, which were recently acquired or merged; and NCR, which underwent a massive corporate restructuring. Diebold Nixdorf also received a $650 million loan to shore up its finances.
The point of sale industry has struggled to keep up with the shift in retail commerce to digital, and the onslaught of nimbler fintechs bearing solutions geared to serve both small and
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