Revolut has announced the acquisition of ePOS software provider Nobly POS.
The move is part of the challenger bank’s plan to expand services to the hospitality sector.
Founded in 2013, Nobly has developed an ePOS system for the restaurant and hospitality industry enabling hospitality businesses to manage their operations with its back office app, order and inventory management systems, kitchen displays, loyalty, and online ordering (click & collect) app.
Nobly currently serves merchants across the UK, USA and Australia.
The system is currently being integrated with the FinTech’s payment hardware and online and offline payment processing capabilities.
This acquisition will enable Revolut Business hospitality customers to open a digital account, use FX, issue cards, and manage and sell their products and accept payments online and offline.
Revolut said that in future it intends to launch the solution across its international footprint.
“The Nobly team has built a great product and expertise which will further advance our mission to offer a one stop shop solution to enable merchants of every kind to manage their finances and run their businesses from a single platform,” said Nik Storonsky, chief executive of Revolut.“Nobly’s ePOS product will enhance our existing Revolut Business offering to make life easy for hospitality businesses. We look forward to working with the team to build more features to support our strong growth.”
Latest News
-
Engine by Starling signs ‘largest-ever’ deal with Tangerine Bank
-
ClearBank installs new scalable reconciliation platform
-
UK mobile networks commit to blocking foreign bank impersonation calls in ‘landmark agreement’
-
UK pilots bank access scheme for homeless people as Financial Inclusion Strategy launches
-
Santander rolls out international growth platform for businesses
-
Klarna partners with Marqeta to roll out debit card across Europe
Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories