8 May 2018

Tyro to develop one-stop POS and app integration for SMEs

(Sydney) Tyro announces the entry into partnerships with six leading Point of Sale (POS) providers in the hospitality sector to develop and deliver a platform to connect POS systems, apps and merchants. Tyro’s platform will eliminate the need for individual POS providers to build and maintain multiple direct integrations with apps. This in turn will enable the POS providers to benefit from significant cost savings and provide an increased value proposition to their customers. For the merchants, Tyro’s platform will radically simplify how they on-board, manage and switch between the broad range of apps available to businesses and those that are increasingly being demanded by consumers.

The six POS providers that Tyro has initially partnered with are Bepoz, Fedelta, Idealpos, OrderMate, Redcat and SwiftPOS. The agreements with these parties include fixed term commitments, extending for the medium-term. Under these agreements, Tyro has secured the right as the exclusive app integrator and platform provider for these six POS providers in respect of certain integrations (including delivery, ordering, reservation, data and analytics, logistics and workforce management apps).

The introduction of the platform, extends Tyro’s offerings outside the EFTPOS and banking space.

Tyro plans to trial and bring the platform to the hospitality sector during financial year 2019 and roll out across other sectors shortly thereafter.

 

For more information contact:

Media enquiries: Matt Johnston – 0432 535 893

Investor enquiries: Robbie Cooke – contact Monique Rennell on 02 8224 8721