myPOS Expands UK Presence by Acquiring UTP: Empowering SMEs with Enhanced Payment Solutions
In a significant development for the payment solutions sector, myPOS has officially acquired UTP Group, a prominent UK-based provider of payment services. This strategic acquisition aims to enhance support for small and medium-sized enterprises (SMEs) across the UK and Europe, positioning myPOS for exceptional growth in the competitive payment landscape.
Impact of the Acquisition on SMEs
The integration of UTP’s extensive direct sales network and established customer base into myPOS is expected to dramatically increase their market presence. This move not only strengthens myPOS’s reach among local merchants but also enhances the variety of solutions available to them.
Empowering UK SMEs
myPOS CEO Mario Shiliashki emphasized that the acquisition transcends mere market expansion. He stated, “This acquisition is about empowering UK SMEs with better payment solutions, stronger support, and more growth opportunities. By joining forces with UTP, myPOS aims to deliver superior solutions more quickly, enabling businesses to scale without incurring high upfront costs.”
About UTP Group
Founded in 2013 and based in Reading, UTP Group has established a robust presence in the UK payment solutions market. The company offers a wide array of services including:
- Countertop and portable card machines
- Tap-to-Pay services
- Ecommerce solutions
- Flexible funding options
With over 52,000 clients, UTP has proven itself as a vital player in the UK payment landscape.
Future Opportunities for UTP Clients
UTP CEO Michael Ault expressed optimism about the partnership, noting, “Joining forces with myPOS is a fantastic opportunity for UTP. Our team will collaborate with a leading fintech platform that is poised for future growth. I am confident this partnership will open new doors for our sales team and clients.”
What’s Next for UTP Clients?
Clients of UTP can rest assured that there will be no immediate changes to their services. They will continue to receive the same level of support, while gradually gaining access to the broader myPOS platform and its additional features.
For more information on myPOS and its offerings, visit myPOS Official Website. You can also check out additional insights on the payment industry at Payments Source.
