Ingenico Group, a France-based payment solutions provider, has acquired Systems of Secure Transactions (SST), the payment business of its Ukrainian partner BKC, in a bid to strengthen its footprint in the country.

BKC, through its SST business unit, has been working as a partner and distributor of Ingenico Group in Ukraine since 1997.

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Employing a team of 40 staff, SST acts as Ingenico’s portal to Ukraine. Additionally, SST delivers software development services to entities within Ingenico Group, particularly in Eastern Europe, Western Europe, and Africa.

Upon completion of transaction, SST will be integrated within the Banks & Acquirers business unit of Ingenico.

Ingenico Group senior vice president of EMEA – Bank & Acquirers Business Unit Luciano Cavazzana said: “We are delighted to welcome the SST team as part of Ingenico Group.

“Their knowledge of the local market will be key to unlock the Group’s growth in Ukraine, and their expertise in software development will be a valuable asset for the Banks and Acquirers business unit.”

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SST director Oleg Zhukov said: “We have been working hand-in-hand with Ingenico Group for years. Becoming part of the Group will increase our ability to serve Ukrainian banks and retailers with a complete payment offering, leveraging on Ingenico Group’s cutting-edge portfolio of products and solutions.”