International payment solutions company Hypercom Corporation has confirmed that it is entering the Spanish savings banking sector, with product sales to be effective immediately.
The move follows certification of the Optimum T2100 card payment terminal for use in the country by the Euro 6000 Savings Banks.
We are bringing to this important country’s banking and retail sectors high security, multi-application information and transaction payment products and networking devices that expedite the fast and secure transmission of vital financial and business data, said Kazem Aminaee, senior vice president and general manager for Hypercom EMEA.
Euro 6000 is committed to enhancing the efficiency of the Spanish banking system with innovative, effective and secure payment technology. We have the products to help meet that objective, and believe that the potential market is considerable, Mr Aminaee added.
The expansion into Spain comes after recognizing the rapidly increasing popularity of the use of payment cards and terminals in the Spanish market, with almost 15% of retail purchases now being made with cards opposed to cash.