Payworks is a company that creates software development kits and solutions that enable payment processing through various point-of-sale (POS) devices. This means that they make it easy for businesses to accept card payments using their own software and devices like card readers, tablets, and smartphones.
Payworks was founded in 2012 and is based in Munich, Germany. They have clients in many different industries, such as retail, hospitality, and transportation. Some of their well-known clients include iZettle, SumUp, and Wirecard.
In 2019, Payworks was acquired by CyberSource, which is a company owned by Visa Inc. CyberSource offers payment management services to merchants and financial institutions all over the world. The acquisition was aimed at helping CyberSource expand their payment solutions and make their position stronger in the European market.
Payworks is known for their innovative approach to payment processing and their ability to provide customized and scalable solutions for their clients.