Emmecom will enable SIA to become a player in Europe in the last mile of cards payments (transaction collection). According to the market trends recorded by the European Central Bank, transactions with electronic money are growing by an average of 9 percent per year and at the same time there is a strong demand from merchants for solutions to manage the POS terminals at their outlets and elsewhere, using in a flexible manner all the connection channels available (dial up, GPRS and IP), plus the most recent technologies such as near field communication (NFC).
The acquisition of Emmecom will additionally enable SIA to develop and launch new network solutions for remote monitoring based on machine to machine (2M) technology: A market with great growth potential which, according to analysts, could climb to a value of over EUR 44 billion in 2020 from the approximately EUR 4.4 billion in 2011.
SIA’s objective is to create a single technology infrastructure operative at European level, capable of allowing communication between merchants and banks. This platform will gather the traffic of cards payments generated by the multi-channel POS terminals and deliver it to the authorization systems of banks, terminal handlers and other acquirers. Via a web portal (accessible also by tablet), it will also be possible to keep under control the flow of transactions managed through the various connection channels, producing detailed statistics and reports on the operations of all the POS terminals.
SIA provides design, creation and management of technology infrastructures and services for financial institutions, corporates and public administration bodies, in the areas of payments, e-money, network services and capital markets. SIA Group is currently present in around 40 countries and also operates through its subsidiaries in Belgium, Hungary and South Africa.
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