French and Malaysian payment solution providers Ingenico and Paysys have signed an agreement to combine their business strengths to address the Malaysian payment market.

Ingenico is part of the Worldline group, while Paysys is a wholly owned subsidiary of GHL Systems.

Under the agreement, Ingenico will sell some of its business and customer assets in Malaysia to GHL, allowing it to reinforce its presence in the country by combining its broad range of payment solutions with Paysys’ extensive market knowledge.

Paysys will provide customers in Malaysia with Ingenico’s payment solutions, including access to its terminal management and professional services, and its latest smart POS terminal AXIUM DX8000.

Additionally, Paysys will also have the opportunity to join Ingenico’s PartnerIN programme to access Ingenico’s technical, business, and go-to-market resources.

Frank Leong, Chief Operating Officer of Paysys said,

“Over the past two years, the payment landscape has transformed significantly and this partnership enables us to sustain our competitive advantage while ensuring that consumer needs of flexible and secure payment methods are met.”

Nigel Lee, Ingenico’s Senior Vice President for Asia Pacific said,

“Building on our last 6 years in Malaysia, the agreement represents an expanded relationship to provide value and meet customer demand as the young and growing technology-friendly population across ASEAN adopts digital and alternative payment methods.”