Paynt acquires E-xact to boost North American payment growth

Paynt has acquired Canadian payments firm E-xact Transactions as the company accelerates its North American growth and outlines plans for a further United States acquisition by late 2025.

Paynt, which was founded in Lithuania and operates its largest base in the UK and the European Economic Area (EEA), processes an annual volume of GBP £4 billion across 10,000 merchants. Its recent acquisition aims to integrate E-xact's established presence in Canada, a country where E-xact processes CAD $3.5 billion annually and supports 50 million transactions, further expanding Paynt's portfolio in the region.

E-xact Transactions, in operation for over 25 years, focuses on secure and rapid payment processing for businesses and supports major e-commerce platforms including Shopify, Magento, and WooCommerce. The company's established infrastructure and relationships with online merchants align with Paynt's goal to widen its service offerings in North America.

Paynt began in 2014 and operates from locations in the UK, the Baltic States, and more recently Ireland and the United States. The company, which emphasises solutions for hospitality and cashless tipping, has become well positioned within the UK's hospitality and service sectors and is now looking to extend its reach and expertise across the Atlantic.

In a statement, Sam Kohli, Founder and Board Member of Paynt, said:

"This acquisition will enable Paynt not only to deliver high-performance solutions but also to expand our operations by offering omnichannel payment processing services throughout Canada. With an established presence in Connecticut and a new office in Vancouver, we are entering the next stage of growth in the North American market, expanding the frontiers of our innovation and reinforcing Paynt's position as a global leader in payment solutions, building on its established leadership in markets such as the UK."

The addition of E-xact's technology and merchant network is described as a complement to Paynt's existing offerings, allowing for the introduction of scalable, integrated payment solutions throughout the continent. The company intends to drive further growth by leveraging local expertise and product integration.

To facilitate this integration and lead regional operations, Paynt has appointed JohnPaul Golino, a payments industry veteran, to its board of directors. Golino will spearhead the integration process, align teams from both organisations, and take responsibility for regional go-to-market strategies.

Paynt has indicated that more growth may follow, revealing intentions to complete a further acquisition in the United States by the end of 2025. This strategic approach is aimed at further bolstering Paynt's presence and capabilities in the North American payments sector.

The focus on value-added services has been a central theme for Paynt. In 2023, the firm moved to enhance its payment services portfolio and broaden its offering of payment products. The company reports that it has received international recognition in 2025, when its payment solutions were awarded the MPE Award in Berlin for Payment Innovation. Paynt was shortlisted for this award alongside larger industry participants such as Mastercard.

Paynt currently operates a range of payment technology and infrastructure services including point-of-sale (POS) terminals, SoftPOS, card processing, digital wallets, and international payment solutions. A key area of specialisation for the company has been its cashless tipping platform, a service that addresses the needs of the hospitality industry, an area where it reports a strong market presence.

E-xact Transactions has built a robust platform for its partners, offering a high-performance payment application programming interface (API) and supporting environments for both e-commerce and unattended transactions.

The acquisition positions Paynt to further capitalise on the continued shift to digital payments and to broaden its market share throughout North America in both physical and digital commerce sectors.