Payments firm and Ingenico subsidiary Bambora has joined forces with point of sale (POS) payment gateway technology provider Payworks to launch a new integrated POS solution for software providers and merchants.

The new POS solution, dubbed Bambora Connect, is said to be the first of its kind and leverages the capabilities of both the companies.

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It utilises merchant sales expertise of Bambora, while harnessing advanced payment technologies and integration capabilities of Payworks.

The Pan-European solution will work with both mobile as well as stationary card terminals.

It will support Visa, Mastercard, and American Express payments in multiple currencies across Europe including SEK, DKK, NOK, CHF, EUR and GBP.

Bambora Connect is expected to be rolled out at the end of this year. POS solution providers associated with Bambora can integrate the new tool and onboard merchants immediately.

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Bambora CEO and Ingenico EVP of retail business unit Johan Tjärnberg said: “Partnering with Payworks on Bambora Connect has brought together two great companies and a plethora of knowledge, which has ensured a fantastic product for in-store payment acceptance.

“The POS Software market is growing at a rapid pace on a global scale and we see plenty of opportunity to collaborate beyond the SME space as well.”

Payworks CEO and co-founder Christian Deger added: “There was an instant collaborative and team-spirited energy between the two companies and this has heavily influenced the end result of Bambora Connect. From our own experience working with POS Software Vendors, we saw and understood the opening in the market for an integrated Point of Sale solution which offered powerful infrastructure with advanced tools and processes for onboarding and management.”