Bambora, formerly Beanstream, IP Payments, and various others, was a Swedish

payment service provider A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who ...

that provides payment processing, accounts receivable automation, and

PCI DSS The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard used to handle credit cards from major card brands. The standard is administered by the Payment Card Industry Security Standards Council, and its use ...

compliance solutions. Bambora operated in Sweden, Canada, Australia, New Zealand, and the United Kingdom. In 2012, IP Payments was listed on the Asia Pacific

Deloitte Fast 500 The Deloitte Technology Fast 500 Awards are organized and overseen by the global professional services firm Deloitte Touche Tohmatsu Limited. These awards recognize the 500 technology companies with the highest growth rates across various regio ...

. The company expanded through acquisitions in several countries, including Canada, Australia from 2014 to 2015. It was itself acquired by French-based

Ingenico Ingenico is a French merchant services technology company, that facilitates secure Electronic Funds Transfer, electronic transactions. The company expanded as a manufacturer of point of sale (POS) payment terminals to also include complete mercha ...

in 2015 which was then merged with

Worldline SA Worldline SA is a French payment processing company founded in 1972. In 2024 its revenue was €4.63 billion. History 1972–2004: beginnings and diversification Worldline's first activities in processing payment card transactions date b ...

in late 2020.

History

Bambora was founded as Beanstream, was founded in 2000 in

Victoria, British Columbia Victoria is the capital city of the Provinces and territories of Canada, Canadian province of British Columbia, on the southern tip of Vancouver Island off Canada's Pacific Ocean, Pacific coast. The city has a population of 91,867, and the Gre ...

, by entrepreneur and military veteran Craig Thomson. It was created to facilitate online payments, and quickly expanded into the United States as one of the first gateway payment systems in North America. Bambora itself was founded in 2015 in Stockholm, Sweden, by Johan Tjärnberg. It began as an integration of four global payment-processing companies, including IP Payments (acquired in August 2015)and Beanstream (acquired in September 2015, but which, for marketing reasons, did not fully re-brand until 2017). Two years later, Bambora was acquired by Ingenico Group of France, which subsequently merged with

in late 2020. As of 2024, Bambora continued to operate under its own name for some time, but has since been rebranded as "a Worldline brand".

References

{{Reflist Online financial services companies of Australia Financial services companies based in Sydney Online payments Australian companies established in 2004 Financial services companies established in 2004 Payment service providers Merchant services

History

See also

References