Publicly traded company, ACI, anounced that it will acquire German based eCommerce payment gateway services company, PAY.ON. The deal is valued at approximately $200m in a combination of cash and stock. The combined ACI/PAY.ON solution provides merchants and PSPs the ability to deliver a seamless omni-channel customer payment experience in any retailer modality – in store, mobile, online – with both on premise and SaaS delivery options.
The global eCommerce market is growing rapidly, with global eCommerce volume expected to grow at a 17 percent CAGR through 2019. In addition, as the global eCommerce market continues its rapid ascent, the need for cross-border eCommerce payments is a particularly fast growing sector. With business and consumer demands continuing to globalize, cross-border eCommerce volume is expected to grow at an 18 percent CAGR over the same period.