Payments company MyPOS has announced the acquisition of UK-based payment solutions provider UTP Group.

The move expands MyPOS’s support for small and medium-sized enterprises (SMEs) across the UK and Europe.

UTP, founded in 2013, offers portable and countertop card machines, tap-to-pay and ecommerce solutions, and flexible funding options, serving over 52,000 clients. The acquisition is said to enhance MyPOS's ability to provide scalable payment solutions with real-time access to funds.

MyPOS CEO Mario Shiliashki commented: “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.”

UTP CEO Michael Ault added: “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.”

UTP clients will see no changes to their service following the acquisition. They will continue to receive the same level of support and, in time, will be integrated into the myPOS platform.