Today, Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payment, announces a strategic partnership with Fosun (Fosun International Limited and its affiliates), a leading China-based, globally oriented investment group, to extend its development strategy in China. Under the terms of the deal, the partnership will take the form of an investment by a fund managed by Fosun into Ingenico Group's Hong Kong-based holding.

Over the last years, Landi, Ingenico Group's Chinese subsidiary has significantly expanded its position with banks and payment services providers to become the number one payment terminal provider in China. At the same time, the Group launched several initiatives to expand beyond payment terminals, notably through ZIMPAY, a JV with Chinese telecom equipment provider ZTE, to deploy value-added services at Point of sales, in interaction with mobile phones.

Through this partnership, both companies will combine Ingenico Group's technologies and know-how in payment with Fosun's extensive foothold and investment capacity to further expand their position in the fast-growing Chinese payment ecosystem.

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