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Writer's picturePooja Yadav

Toucan Payments Acquires PayNet Systems To Synergize Financial Innovation

Updated: Nov 14


๐Ÿš€ย ๐’๐ฒ๐ง๐ž๐ซ๐ ๐ข๐ณ๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐๐ซ๐ž๐š๐ค๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐ฌ:ย Toucan Payments LLCย ๐€๐œ๐ช๐ฎ๐ข๐ซ๐ž๐ฌย PayNet Systemsย ๐ญ๐จ ๐‚๐š๐ญ๐š๐ฅ๐ฒ๐ณ๐ž ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง! ๐Ÿš€


Toucan Payments Acquires PayNet Systems


We are pleased to announce that Toucan Payments India Private Limited has acquired PayNet Systems Private Limited, a key milestone in our expansion journey that underscores our commitment to innovation and delivering exceptional value to our customers.! ๐ŸŽ‰


โ€œOur acquisition of Paynet represents a transformative milestone in Toucanโ€™s growth, empowering us to elevate our services and accelerate innovation within the payment landscape. This strategic acquisition positions us to chart a course toward a more secure, seamless, and efficient financial ecosystem. By combining our strengths, we are not only enhancing the value we provide to our clients but also reshaping the future of financial services." - Srikanth Mopidevi, Director Toucan Payments.

The acquisition forges a state-of-the-art, AI-driven financial services platform by integrating Toucan Payments' advanced payment processing and cutting-edge AI technologies with PayNet Systems' pioneering digital lending and neo-bank solutions.ย 


This union enhances our product, solution, and service offerings and solidifies our role as pacesetters in fintech innovation.

"Joining forces with Toucan Payments is a strategic leap forward for Paynet. This will empower us to scale our solutions and deliver unparalleled value to our clients, setting new benchmarks in the payment industry." - Abhinav Paliwal, CEO PayNet Systems

ย Leveraging our combined expertise, we are set to deliver exceptional, seamless experiences that will redefine the financial landscape for businesses and consumers, cultivating a more integrated and sophisticated financial ecosystem.


Our profound appreciation goes to the stellar teams at PayNet Systems and Toucan Payments for their transformative efforts and commitment.


ย We are excited to blend our advanced capabilities and embark on a journey of groundbreaking innovation and collective success.


Stay tuned for more updates as we embark on this exciting new chapter!



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