Till Payments Pty Ltd

Based in Australia, Till Payments Pty Ltd specializes in providing innovative payment solutions that streamline transaction processes for various businesses, enabling both online and in-person payments seamlessly. Till Payments is a payment solutions provider headquartered in Sydney, Australia, founded in 2012. The company operates under Nuvei after a recent acquisition. Chris Hicks is recognized as the founder, while the current CEO is Paul Kawtal, with Shadi Haddad playing a significant role in the management.

In November 2023, Till Payments was acquired by Nuvei Technologies Inc. for USD 30. 5 mn, which marks a strategic expansion into the APAC region. Previously, the company has engaged in five significant deals, with the most recent deal occurring in November 2023, solidifying its position in the payment processing sector.

Till Payments, now operating under Nuvei, offers a comprehensive suite of payment solutions designed to facilitate seamless transactions for a diverse client base. The company’s core product offerings include Online Checkout, Payment Links, and various terminal solutions for in-person payments, such as Till Unattended self-service kiosks. These tools enable businesses to accept payments online, through applications, or in physical locations, addressing the needs of industries including automotive, hospitality, retail, grocery, and enterprise. Till Payments primarily serves B2B clients, including retailers and service providers, across markets such as Australia, North America, and Europe.

The solutions are engineered to enhance customer experiences, streamline payment processes, and consolidate payment management on a unified platform, thereby enabling clients to effectively manage their transactions across multiple channels. While specific revenue figures for Till Payments are not disclosed, the company generates income through transaction-based fees from its clients, which include businesses across various sectors. Clients typically utilize Till's Online Checkout and Payment Links to facilitate sales through their online stores, while in-person transactions are conducted using state-of-the-art payment terminals and kiosks. The pricing structure encompasses a combination of transaction fees, setup fees, and monthly service charges, tailored to individual client needs.

Through its partnerships and integrated payment solutions, Till Payments earns revenue from both B2B transactions and direct-to-consumer sales supported by its technology. The focus on enhancing operational efficiencies and customer service positions Till Payments as a pivotal entity in the evolving payment landscape. The acquisition by Nuvei Technologies Inc. in November 2023 marks a significant step for Till Payments as it aims to integrate its services into Nuvei's payment stack, particularly focusing on expansion in the APAC region.

This strategic move will likely facilitate the introduction of new products in the coming months, designed to enhance their payment solutions. The funding from this acquisition will be utilized to support these growth initiatives, allowing Till Payments to strengthen its market presence and innovate its offerings in line with growing customer demands.