myPOS acquired UTP Group Ltd. (UTP), a UK-based payment solutions provider, further solidifying its commitment to delivering innovative payment solutions to small and medium-sized enterprises (SMEs) across both the UK and Europe. 

With the addition of UTP’s strong direct sales force and established customer base, myPOS is now well-positioned to enhance support for even more businesses and accelerate its expansion within the UK market. 

myPOS CEO Mario Shiliashki commented: “This acquisition is not just about market expansion – it’s about empowering UK SMEs with better payment solutions, stronger support and more growth opportunities. By combining forces with UTP, myPOS will deliver superior solutions faster, enabling businesses to grow and scale without high upfront costs. We are excited to empower local merchants and lay the foundation for long-term success in this key market.” 

Founded in 2013, UTP offers a wide range of payment services, including portable and countertop card machines, Tap-to-Pay, ecommerce solutions, and flexible funding options. Based in Reading, UTP has successfully partnered with over 52,000 clients. 

UTP CEO Michael Ault added: “Joining forces with myPOS is a great opportunity for UTP. Our team will have the chance to work with a leading fintech platform that’s well-positioned for future growth, backed by a growing European presence and a diverse suite of products. I am confident this partnership opens new opportunities to our robust sales team and our merchants, and I look forward to building on this momentum.” 

UTP clients will continue to receive the same high level of service, with no changes to their experience. Over time, they will also gain access to the myPOS platform. 

This acquisition follows myPOS’s recent purchase of Toporder in France, reinforcing the company’s position as a leading fintech provider trusted by SMEs across Europe. In the past year alone, myPOS has increased its client base by 42%, now serving 250,000 businesses. The company’s turnover rose by 29% in 2024, reaching nearly 14 billion euros, with even greater growth projected for 2025.