Ingenico, SilverPay Partner to Process Payments in UK Taxis

Ingenico and SilverPay are set to enter U.K.’s taxicab payment processing market by supplying mobile and countertop payment units to cab fleets. The companies have already reached terms on one contract, a release explains, and cite “additional opportunities in the pipeline.” Overall, the companies estimate that 250,000 taxis operate throughout the U.K.

“The taxi and private hire sector holds great potential for the payment solutions industry and, with cutting-edge products and services, we’re confident that this partnership will thrive over the coming years,” said Craig Doyle, Ingenico’s Managing Director for Northern Europe. The full release is available at Ingenico’s website.