- Both companies will promote disruptive solutions for payment acceptance in the Iberian market and, progressively, in the rest of Europe.
- With more than 26 years of experience in Brazil, Phoebus lands on European soil being a benchmark in the Latin American card-present payment channel.
BARCELONA, LISBON, and ALLENTOWN, Pa., December 12, 2023 — Shift4 (NYSE:FOUR), a global leader in integrated payments and commerce technology, announces a strategic alliance with Phoebus, a recognized global financial technology provider. This partnership represents a significant step towards transforming the Iberian e-payments market, offering innovative solutions for financial institutions, payment institutions, e-money companies and payment service providers (PSPs).
Phoebus has established its position as a leader in Latin America, especially in Brazil, thanks to its primary focus on the card-present payment channel. Its presence in the region for more than 26 years has marked milestones such as the development of the first mobile payments solution in Brazil. Throughout its history, Phoebus has partnered with leading acquirers and financial institutions on the continent.
Phoebus will begin to introduce its solutions in the Spanish and Portuguese markets as a first contact with the European region and will gradually extend its services in different countries. In its quest to expand its operations, Phoebus has found in Shift4 a strategic partner that will provide all the support and expertise to offer a fully refined service at the point of sale.
David Jofre, Shift4’s VP Sales & Business Development in Iberia, says: “This agreement represents a unique union of capabilities, where the agility and innovation of Shift4 and the advanced technology of Phoebus merge to offer cutting-edge payment solutions in Europe”.
“We were looking for a partner that could offer payment acceptance and act as a connected processor to key industry players. We found the perfect match in Shift4, as their solutions for payment facilitators (PFs) and payment service providers (PSPs) focused on card-present payments align perfectly with our approach,” explains Cristiano Bezerra Campos, EU Manager at Phoebus.
More flexibility, integration and control in the European Marketplace
A cornerstone of Phoebus’ approach is its dedication to providing white label solutions specifically designed for its partners, including e-money licensees, payment gateways, acquirers, payment facilitators and payment service providers, with a special focus on card-present environments.
Meanwhile, Shift4, which is a fully licensed bank and payment provider, has the ability to certify devices in record time, in approximately six weeks, a notable differentiator in the industry, which typically requires longer certification periods of six to eight months.
With this alliance, Shift4 and Phoebus aim to increase flexibility, integration and control for merchants in the European market, promoting greater innovation in the financial system. Both firms have a vision to completely differentiate themselves from the traditional players in the market by establishing a disruptive presence and more effective control of the payments ecosystem, resulting in more efficient processes and reduced costs.
About Shift4
Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit shift4.com.
Acerca de Phoebus
Phoebus Europe brings the DNA of a leading payments technology company. With over 25 years of payments experience, we offer the latest and most efficient payments platform in a complete integration ecosystem for card brands, processors, acquirers, PayFacs and PSPs/ISOs across Europe.
Media Contact:
Nate Hirshberg
Vice President, Marketing
[email protected]