(Paris, July 11, 2024) – Castles Technology, the world’s 4th largest provider of Android payment acceptance technology, has enjoyed strong growth in recent years, and is currently present in over 150 countries. Today, the Taiwanese company is expanding its position in Latin America and Oceania. This important strategic move will enable Castles Technology to expand its international reach, allowing it to offer its expertise and solutions to a greater number of merchants, and acquire new partners.
30 years of experience in the global payments market
Founded in 1993 in Taiwan, Castles Technology is a renowned leader of Android payment terminals and related services.
After establishing its market leadership in Taiwan and Japan as the premier supplier of payment terminals, the company decided to go international in 2013. Focused on the creation of secure payment solutions, Castles Technology boasts a large number of customers from major retailers and world-renowned financial institutions such as TotalEnergies, Banco Sabadell, Coca-Cola, Uniqlo, Adyen, Redsys and Worldline.
With over 1,000 employees worldwide, Castles Technology has enjoyed significant growth since its inception, with earnings per ordinary share (EPS) increasing by 37% a year over three years and revenues rising by 26% a year to $8.2 billion. Going public in 2016 was a major milestone for the company, which has seen its sales triple over the past five years to more than 260 million euros.
Consolidating its presence in Latin America and Oceania for sustainable growth
The LATAM region and Australia are fast-growing markets for payment solutions and fintech. By setting up operations in these parts of the world, Castles Technology has seized this opportunity to emerge and meet the growing demand for new-generation payment solutions. This strategic step also energizes and simplifies business for merchants with offers and services that contribute to customer loyalty and satisfaction.
To support this dynamic development, Castles Technology’s Executive Committee recently appointed Bruno Pirtouscheg as Executive Vice-President for the LATAM region. Based in Miami and with over 13 years’ experience in the Fintech industry, Mr. Pirtouscheg brings his expertise to the Latin American market and strengthens the company’s presence throughout the region. As part of its expansion on the South American continent, Castles Technology is strengthening its teams and is currently recruiting two sales managers for Mexico and Colombia. These new positions reflect the company’s commitment to providing innovative and secure payment solutions to its customers in the region.
On the Australian side, the company has appointed Jay Whitmore as Country Manager. With over 15 years’ experience in the payments, fintech, banking and acquiring sectors, Jay Whitmore has worked for renowned companies such as ANZ Worldline Payment Solutions in Australia, where he made a major contribution to revenue generation and growth.
“We’re proud of our current growth, the result of our teams’ hard work in developing cutting-edge solutions and offerings. Our expertise enabled us to become the world leader in Android payments by 2022. We are determined to pursue our expansion in the Latin American and Australian markets with the same enthusiasm, continuing to offer innovative and secure payment solutions to our partners.” Jean-Philippe Niedergang, CCO Group and CEO Latam and EMEA at Castles Technology.
Castles Technology’s growth is the result of a clear strategy and vision, led by Jean-Philippe Niedergang. A member of the company’s executive committee with extensive experience in telecommunications and payments. Since joining Castles Technology in 2018, Jean-Philippe has successfully driven the company’s growth and transformation through innovation.
After successfully managing the EMEA region, his responsibilities have been extended to include Latin America and Oceania. This geographic expansion reflects Castles Technology’s confidence in Mr. Niedergang, and his ability to lead ambitious projects. His strategic vision and leadership have enabled Castles Technology to strengthen its position in the payment solutions market and expand into new territories.
Under Mr. Niedergang’s leadership, the company has been able to adapt to local needs while maintaining global coherence. This approach has strengthened the trust of partners and customers alike, while offering innovative and secure solutions.
Deployment in Europe
Europe is a key region for Castles Technology, where the company has developed a strong presence in the payment sector in recent years. Thanks to its innovative products and strategic partnerships, Castles Technology has signed numerous contracts with major industry players.
In 2020, Castles Technology strengthened its presence by acquiring Spire Payments, giving it a direct foothold in the UK and Jordan. This acquisition also enabled the company to offer an unrivaled range of products and services in the UK.
In France, Castles Technology has formed a capital partnership with LIEM, a French specialist in electronic payment logistics and reconditioning. This move will enable the company to become the partner of choice for its French partners in 2024, and consolidate its position in the payment services sector.
About Castles Technology
Castles Technology is a global leader in payment acceptance solutions, providing cutting-edge terminals, innovative solutions, and exceptional services to empower the payment ecosystem. Castles Technology partners with over thousands customers including banks, merchants, FinTechs, acquirers, ISVs, and PSPs, deploying millions of POS terminals worldwide for retailers of all sizes.
As the foremost Android payment acceptance, Castles Technology offers secure, reliable, and seamless solutions with global and local reach. With over 30 years of experience, the company’s dedicated community of experts is committed to anticipating and shaping the future of commerce worldwide, while their powerful devices, secure payment solutions, and top-notch services ensure unparalleled quality and performance.
The company believes in the importance of innovation and sustainability and is committed to making a positive impact on the world through our products, services, and operations.
Website: https://www.castlestechemea.com/
