Ingenico buys Bambora – a match made in heaven?

In a deal announced July 20th, French hardware and software payment company Ingenico buys Swedish payment company Bambora for 1.5 billion Euro. So why would they do that?
First of all, Bambora is in competition with many of the largest payment companies in the world like Android Pay, Apple Pay, Alipay and not to mention PayPal. In correlation to these, they are a small fish but in a big pond. However, they have a lower transactional fee and some cutting-edge solutions benefiting both the seller and the buyer. Secondly, and probably most importantly; they were for sale!

Ingenico makes POS (Point of Sales) payment terminals used in over 100 countries worldwide. They also make a lot of software related to this, holding on to a lot of the payment chain. However, they do not have control over the actual payments, just the systems to handle them. With purchase of Bambora they will get control over transactions worth at least 55 billion Euros (2016) and quite a good customer base in the 10 countries Bambora are present in. Ingenico can now with their own presence and impact throughout the world, easily sell a full solution to their customer, regardless of channel. This means that they can control the whole payment infrastructure and transaction for their customers and probably to a lower cut and TCO than their competitors.
A lot has happened in the payment business over the last years. We have seen quite a large transformation from traditional cash payments to credit or debet cards as consumers shop online more than ever before. But though more and more Internet usage is originating from the phone and not PC’s, the conversion rate for shopping baskets made from phones are much lower than from PC’s. Nearly 40% lower. So why is that? Surveys show that shoppers give up on entering all information from their credit card onto the retailers payment page. Some retailers have tried to “circumvent” this by adding services like Android Pay, Alipay, Apple Pay and of course PayPal, but that may be giving away more percentage to these companies with often higher cost than directly to the credit card company or cooperating banks. Bambora has developed a small app that uses the phones camera and AI to read your card info and enter it into the check-out page of the retailer regardless of design.

Bambora was started by the Swedish based risk capital company Nordic Capital in 2013. They started it after convincing SEB to sell their international card handling platform to them for 2 billion SEK. Since then they have bought several companies for the same amount and started Bambora as we see today in 2014. Even from the start the company had 400 employees and several customers, so they did not start from scratch. However, investing approx. 420 million Euros and getting 1.5 billion Euros three years later, cannot be seen on other than a good investment. But of course, a risky one.

So why are we blogging about this? Well, it only shows that we are in the start pit of consolidation of companies like this, and thus also development of more equal looking, yet innovative, companies going further. Looking at the pricing in this transaction, we predict that many companies will try to achieve the same. But all this is “old school”. All transactions are with fiat money – good old cash but in different formats from card vendors like Visa, Mastercard and AmEx. Nothing digital – nothing new. Same shit, new wrapping. Why change a winning formula? Time will show that things will change – and change fast.

We note that the evaluation of a three-year-old company Bambora with a quite small transaction volume, is valued at 1.5 billion Euros. We only imagine what a company with transaction volumes of over 1 billion Euros a day would be worth. Take your seats and fasten your seat belts. This will go fast!

NXChain Inc. Acquires 49.9 Percent of ExPay Payment Platform in Asia

Facilitating Broad Integration of Digital Currency in the Digital Payments Markets

LOS ANGELES, CA / ACCESSWIRE / July 14, 2017 /NXChain Inc. (OTCQB:NXCN), a fully reporting Shell Company traded on OTCMarkets (“NXCN”), today announced its entry into a binding contract to acquire 49.9 percent of ExPay Asia, a privately-held payments company operating in the Asian market. The companies will work together to implement future payment solutions based on the digital assets platform developed by NXCN. NXCN has previously completed the purchase of digital currency backbone technologies from LXCCoin Ltd.UK, and this is an important step for the upcoming launch of services for the company. NXCN has been operating in stealth and will continue to do so for some time yet.

Foreign ownership is restricted in Thailand, and NXCN has requested regulatory clearances from BOI in regards to its foreign ownership. Once permission is granted NXCN may execute an option it is currently holding for a 51 percent majority ownership.

About ExPay Asia

The ExPay Group was formed in 2012 by finance industry executives to develop an open platform for online merchants incorporating intelligent back office solutions. The company has grown steadily and is currently turning over an approximate $40 million annually with a net result of $1.25 million. The company focuses on combining a range of innovative services to existing payment solutions and has through the partnership with NXCN already secured new business, aiming at doubling both turnover and result next year. More information can be found at

About NxChain, Inc.

NxChain, Inc. is a fully reporting and trading Company on OTCMarkets under the trading symbol NXCN.QB. The Company is growing its business through acquisitions and mergers of cryptocurrency companies and technologies to provide a fixed-price cryptocurrency platform to multiple levels of the financial industry in various markets worldwide. More information can be found at

NXCN and ExPay are working jointly on constructing a digital currency gateway combining several technologies, including amongst others the NXCN-owned LXCCoin Digital Currency backbone.

Mr. Sean Tabatabai, CEO of NXChain comments: “We firmly believe that our platform of blockchain technology will induce a paradigm shift in the way we do transactions. Our team has worked on our platform extensively for years, and at present we are including certain other technologies to work in concert with our services. We have great faith in ExPay being a key component in our future business.”

Mr. Chakrit Ahmad, CEO of ExPay comments: “We expect blockchain to become a core of future money transactions, but until we started testing with NXCN and their stable currencies we did not see how volatile and/or slowly transacting digital currencies could be integrated into what we are doing. While still focusing on current business; we anticipate that being part of the NXCN technology platform presents some unique advantages and we look forward with excitement to releasing services together.”

Forward-Looking Statements

This press release contains forward-looking statements identified by words such as “estimate,” “project,” “expect,” “intend,” “believe,” “anticipate” and similar expressions. These forward-looking statements are made in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the execution or entry into a merger agreement on satisfactory terms; a decline in general economic conditions nationally and internationally; decreased demand for our products and services; market acceptance of our products; the ability to protect our intellectual property rights; the impact of any litigation or infringement actions brought against us; competition from other providers and products; risks in product development; changes in government regulation; the ability to complete customer transactions; and other factors relating to our industry, our operations and results of operations and any businesses that may be acquired by us.

You should not place any undue reliance on these forward looking statements, which speak only as of the date of this press release. Additional information concerning factors that might affect our business or stock price, which could cause actual results to materially differ from those in forward-looking statements is contained in NXChain’s filings, including quarterly and annual reports that we file with the Securities and Exchange Commission. Such forward-looking statements only speak as of the date of this press release. We undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise, except as otherwise required by law.

Press, Analyst, Investor Relations 17702 Mitchell North, Irvine, California, 92614

Media Contact Info:

Sean Tabatabai CEO NXChain Inc. 408-673-2464