myPOS Acquires UTP Group to grow its presence in the UK and offer better services for small and medium-sized businesses (SMEs). This step will help myPOS support more local merchants and bring better payment solutions to shops and online stores across the UK and Europe.
A Bigger Network
UTP is a well-known payment service provider based in Reading, UK. It started in 2013 and now supports over 52,000 clients. UTP provides many services, including countertop card machines, portable terminals, Tap-to-Pay solutions, online payment options, and flexible funding for businesses.
With this new deal, myPOS now owns UTP’s strong direct sales network and its big customer base. This means myPOS can reach more local shops and restaurants and give them modern tools to accept payments easily.
What the CEOs Say
Mario Shiliashki, CEO of myPOS, said, “This deal is about much more than getting bigger. It’s about helping UK small businesses grow faster and with fewer costs. Together with UTP, we can offer more services, better support, and smart tools to help local merchants succeed.”
Michael Ault, CEO of UTP, also shared his excitement. He said, “Joining myPOS is a big chance for our team and our customers. myPOS has a strong name in Europe and many new products. This deal will give our sales team more power and offer new options for our merchants. We are ready for the next chapter.”
No Change for Customers
UTP’s current customers don’t need to worry. Their service will stay the same for now. But soon, they will get access to the bigger myPOS platform with more features, better support, and new ways to grow their businesses.
A Big Win for UK SMEs
The UK is an important market for myPOS. Many small businesses still need reliable, affordable payment tools. By adding UTP’s network and experience, myPOS is now in a stronger position to help these businesses accept card payments, sell online, and manage their money better.
Together, myPOS and UTP plan to make payment processing easier, faster, and more secure for thousands of merchants. They also want to help local shops save money by avoiding high setup costs. This means more profit and less stress for small business owners.
Key Highlights
* myPOS Acquires UTP to boost UK presence
* Over 52,000 clients will benefit
* Focus on helping SMEs grow faster
* Customers get access to more products soon
* Stronger sales network for local reach
What’s Next
The myPOS team will now work closely with UTP to integrate services and bring new ideas to market. This partnership is expected to open new growth opportunities for both companies and give UK merchants the best tools to thrive in today’s digital world.