Finance Powerhouse, PaymentCloud, to Acquire Contactless Payments Technology Newcomer, Paysley

Finance Powerhouse, PaymentCloud, to Acquire Contactless Payments Technology Newcomer, Paysley

After an extended courtship, PaymentCloud has acquired the majority share of the contactless technology startup Paysley for an undisclosed amount. The acquisition will serve to combine the contactless payment functionality of Paysley with the payment processing power of PaymentCloud.

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Allowing any customer’s phone to be the point of sale without an account, Paysley’s mission is to bring quick, easy, and advanced payment options to every business owner. The personalized QR code feature allows customers to pay securely on their phone by inputting their card information or via Apple Pay™ and Samsung Pay™ accounts. These instantly generated codes also simplify curbside pickup with one-click payment verification.

With a highly customizable interface, Paysley is ideal for fundraising, donations, recurring rent payments, and businesses utilizing text message payment requests. The novel coronavirus has imposed restrictions on consumer purchasing that Paysley is able to accommodate. Being completely contactless, simple, and secure, Paysley is the perfect solution at the perfect time.

“The future of payments is already shifting toward contactless means and now, with the acquisition of Paysley, we will be at the forefront of this shift. I’m eager to bring this innovative solution to fruition at such a pivotal time,” said PaymentCloud CEO Shawn Silver. The newly acquired Paysley team is also excited to get to work. Chris Roets, Paysley’s founder, shared in Silver’s excitement by adding, “We are looking forward to bringing Paysley to its full potential and I’m overjoyed that Shawn and his team will be the ones to do it.”

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