02 Dec 2021

Planet acquires Proximis to deliver unified commerce with integrated payments for European retailers

Planet Stand: 6H60
Planet acquires Proximis to deliver unified commerce with integrated payments for European retailers

Planet, a global integrated payments leader, has today announced that it has completed the acquisition of Proximis, a unified commerce solution provider for the Retail sector.

Planet's acquisition of Proximis extends its reach in Retail beyond payments and creates an innovative and unique unified commerce platform for online, mobile and in-store – one that connects all stock management systems with payments to deliver an improved consumer shopping experience.

Launched in 2013, with operations in France and the United Kingdom, Proximis is a feature-rich commerce platform based on scalable and resilient cloud infrastructure. The company enables retailers to provide consumers a frictionless shopping journey between all digital and physical points of sale.

Proximis technology integrates retailers' existing physical infrastructure with their online stores to solve complex commerce problems, including Click & Collect, online purchases, endless aisle, returns and inventory management. This creates a consistent in-store and online shopping experience for customers, and helps to drive sales growth with Proximis customers growing five times faster than retailers using other solutions.

The integration of Proximis into the Planet platform, will enhance the range of services that Planet is able to offer customers, further differentiating it from other payment providers and deepening its relationships with retailers.

Commenting on the announcement, Patrick Waldron, Chief Executive Offer of Planet said: "We are delighted to work with the Proximis team to give retailers a simple unified commerce experience with real time access to stock levels at the moment of purchase. The partnership between Planet and Proximis will offer retailers the ability to deliver this. We are excited to work with our new colleagues, as we continue to enhance Planet's leading global integrated payments platform for Retail and other key verticals."

Philip Bianchi, Founder and CEO of Proximis, said: "We are seeing an increased demand for integrated payments solutions, and our team has been striving to provide a unified service that helps retailers improve the digital shopping process and customer experience in store. Planet is one of the strongest integrated payments solutions providers in the market. We look forward to joining the team and expanding our product offerings to serve more global retailers."

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