Blueprint Partners announces that Lyf Pay has acquired 100% of the shares of NEOS, a self-check-out start-up launched in 201 by Grégoire Genest, Patrick Nollet and Frédéric Arnault.
Lyf Pay, the first multi-service mobile payment application in France, announces the acquisition of NEOS, a Scan & Go mobile shopping application, to allow retailers to streamline the shopping experience for their customers by removing irritants. Lyf Pay, already downloaded by more than 2 million users, will be enhanced with NEOS’ Scan & Go functionality before the end of 2019.
NEOS application, which has the ambition to make the checkout process disappear from the consumer experience, allows consumers to scan their purchases with their mobile throughout their journey in store and pay, thus avoiding the checkout process and providing them with a fluid and personalized experience.
NEOS’ Scan & Go service, which has already been launched in several national shop brands such as Carrefour, Bio c’ Bon, Sephora, La Grande Epicerie, will complete Lyf Pay application of this new feature.
The objective is to enable businesses to offer their customers a new way to access their products and services, reduce checkout times and improve their commercial and operational performance. On the consumer side, this new service enhances the most complete application on the market, integrating payments, loyalty services, payments between friends, free money pots and new upcoming services such as table payments.
“Today, payment methods are often too generic and aren’t adapted to the purchasing context and customer profile. By combining NEOS’ solution with Lyf Pay’s application, in-store payments become part of a seamless, tailor-made shopping experience.”
Grégoire Genest
“The integration of NEOS strengthens Lyf Pay’s position as the leader in mobile payments at the heart of new purchasing methods and accelerates its deployment as a key partner in the retail world.“
Christophe Doulique
“The sale of NEOS to Lyf Pay demonstrated that France is a great playground for RetailTech startups. In a boiling payment market, we will continue to witness market consolidation that will drive the emergence of market leaders.“
Mathieu Daouphars
