Shift4, a US-based provider of integrated payments and commerce technology, has agreed to acquire Smartpay, for NZ$296.4 million (approximately US$180 million).
Smartpay provides payment processing and point-of-sale solutions to over 40,000 merchants across Australia and New Zealand through an extensive distribution network.
The deal values Smartpay at NZ$1.20 per share, representing a 46.5% premium over its 90-day volume-weighted average price.
The acquisition is expected to close in the fourth quarter of 2025, pending regulatory approvals.
Shift4 said the transaction is consistent with its global expansion strategy, which involves pairing local distribution and service capabilities with its proprietary payment infrastructure.
The company has applied a similar approach in other markets, including Germany, the UK, and Ireland.
“This acquisition follows the Shift4 playbook to a tee. It deepens our strategic presence in Australia and New Zealand, providing a significant opportunity to offer our full suite of software and payments solutions in the region.
By combining our payment infrastructure with Smartpay’s distribution capabilities, we’re well positioned to go-to-market at scale in the region with our leading products and services such as SkyTab POS for restaurants, SkyTab Venue for stadiums and arenas, and our end-to-end payment solution for hotels and unified commerce merchants.”
said Shift4 CEO Taylor Lauber.
Featured image: Edited by Fintech News Singapore, based on image by sodawhiskey via Freepik
