epay and Vectron strengthen partnership with new Android-based payment solution for increased efficiency in the restaurant sector

Martinsried (Munich/ Germany), 10 March 2022:

Vectron Systems AG (Vectron) has once again joined forces with epay, a subsidiary of the NASDAQ-listed payment service provider Euronet Worldwide Inc. (NASDAQ:EEFT). Together the two partners are launching a new Android solution, which combines a POS app, card reader, receipt printer as well as many other functions in one handy payment terminal. The new Android-based terminal, which is already available on the market, is being targeted primarily at the hospitality and restaurant sector. Inspired by the user-friendly design of a smartphone, it combines multiple functions in a single device, meaning businesses no longer need to rely on multiple point-of-sale machines. The terminal meets all the necessary regulatory standards and accepts all major debit and credit cards, as well as contactless payments and popular alternative payment methods (including QR payments).

This new Android payment solution is the point-of-sale equivalent of the Swiss army knife: It takes the simplicity and usability of smartphone apps and applies this to a wide range of payment and customer service tasks, including taking orders, processing payments, printing receipts (using a high-speed thermal printer) and scanning QR codes (using its twin cameras for alternative payment methods).

By opting for this new product, restaurateurs can replace multiple physical devices with a single Android terminal, and also digitize and speed up their customer service processes. Plus, the terminals are extremely easy for their staff to use. These combined benefits mean a faster and slicker customer service experience for their guests.

Due to the possibility of installing apps, the functionalities can be expanded as desired. Gastronomes thus only need one device for most applications at the POS. The terminal can also be easily connected to the business’ Electronic Cash Register using the ZVT protocol. The Android-based payment solution accepts all major debit and credit cards, as well as popular mobile payment methods such as Google Pay, Apple Pay, Alipay, PayPal and WeChat Pay. All payments are processed by epay, which is one of the world’s leading full-service-providers of prepaid solutions and payment processing.

The Android-based solution can be easily upgraded to include other existing epay services, making it the perfect solution for many other use cases, such as guest registration in the tourism sector, easy contactless payments on the customer’s doorstep for take-away businesses, and immediate on-site payment for tradespeople following completion of a job.

About Vectron:

With more than 240,000 installations to its name, the listed company Vectron Systems AG is one of the largest European manufacturers of cash register systems. Stable hardware combined with flexible and reliable software have made Vectron the leading provider of cash register solutions for the restaurant and bakery sectors in the German-speaking and Benelux countries. Several hundred retailers distribute their products internationally. Digital Cloud Services are offered under the brand names myVectron and bonVito, with the range of services extending from loyalty and payment functions to online reservation and online reporting. All services are fully integrated with the cash register systems. More information available at: www.vectron.de.

About epay:

epay is a world-leading full-service payment provider for payment processing and prepaid solutions that processed 3.12 billion transactions in 2021. The company has built up an extensive network of retailers with 775,000 point-of-sale terminals in 62 countries, to connect renowned brands with consumers all around the world. The company offers a portfolio of gift cards (prepaid, closed loop and digital media), business incentives and payment solutions (card acceptance, terminals, e-commerce, mobile and Internet of Payment) for omnichannel commerce, and offers its services thanks to its proprietary cash register integration software. epay is a segment of Euronet Worldwide, Inc. (NASDAQ: EEFT), a Kansas-based company which earned $2.9 billion in revenue in 2021, employing a staff of over 8,000 employees and serving customers in 175 countries. For more information, visit: www.epay.de

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