myPOS acquires UTP as it looks to boost support and payment solutions for UK SMEs

European FinTech firm myPOS has acquired UK-based payment solutions provider UTP Group.

Financial terms of the deal were not disclosed.

myPOS CEO Mario Shiliashki comments: “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.”

Established in 2013, UTP provides a suite of payment services, including portable and countertop card machines, tap to pay and e-commerce solutions, and flexible funding options. Based in Reading, the company has signed more than 52,000 clients.

UTP CEO Michael Ault says: “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.”

The UTP deal follows myPOS’s recent acquisition of Toporder in France.

2025 RTIH INNOVATION AWARDS

Payments will be a key focus area at the 2025 RTIH Innovation Awards.

The awards. which will open for entries in March, celebrate global tech innovation in a fast moving omnichannel world.

Our 2024 hall of fame entrants were revealed during an event which took place at RIBA’s 66 Portland Place HQ in Central London on 21st November, and consisted of a drinks reception, three course meal, and awards ceremony presided over by comedian Lucy Porter.

In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “The event is now into its sixth year and what a journey it has been. The awards started life as an online only affair during the Covid outbreak, before launching as a small scale in real life event and growing year on year to the point where we’re now selling out this fine, historic venue.”

He added: “Congratulations to all of our finalists. Many submissions did not make it through to the final stage, and getting to this point is no mean feat. Checkout-free stores, automated supply chains, immersive experiences, on-demand delivery, next generation loyalty offerings, inclusive retail, green technology. We’ve got all the cool stuff covered this evening.”

“But just importantly we’ve got lots of great examples of companies taking innovative tech and making it usable in everyday operations - resulting in more efficiency and profitability in all areas.”

Congratulations to our 2024 winners, and a big thank you to our sponsors, judging panel, the legend that is Lucy Porter, and all those who attended November's gathering. 

For further information on the 2025 RTIH Innovation Awards, please fill in the below form and we will get back to you asap.