S2M has bought a minority stake in US payment technology company Cub3Pay as it looks to grow its business in the Americas. The deal marks the first stage of a planned investment. S2M said the partnership will help it reach new customers, add new payment technologies and create more business opportunities.
The companies agreed on a phased investment. S2M could increase its stake later if both sides meet agreed conditions.
The investment does not change S2M’s consolidation scope or financial reporting at this stage.
S2M is one of North Africa’s oldest electronic payment companies. It works with more than 180 financial institutions across four continents.
The company develops payment software through its SELECT-PX® platform. The system helps banks, telecom operators and retailers manage card issuing, instant payments, fraud detection and risk management.
S2M also provides cloud-based Payment-as-a-Service (PaaS) solutions. Its business includes bank card personalisation, cheque book production and maintenance of ATMs, point-of-sale (POS) terminals and mobile payment networks.
Cub3Pay develops digital payment technology focused on tokenisation and cloud-based payment systems.
Its platform replaces payment card details with secure digital tokens during online, in-app and in-store purchases. The technology follows EMVCo tokenisation standards, reducing the risk of payment data being stolen.
Cub3Pay’s software also works with Visa Token Service and Mastercard Digital Enablement Service. It helps banks meet Payment Card Industry Data Security Standard (PCI DSS) requirements.
The partnership gives S2M a stronger presence in the United States, adding to its operations in Africa, Europe and parts of Asia.
The deal is also expected to support S2M’s work on newer payment services, including tokenisation, Buy Now, Pay Later (BNPL) products and SoftPOS technology, which allows smartphones to accept card payments without dedicated payment terminals.
