Hypercom Corp. said that Bank of the Philippine Islands has chosen it for its card payment systems.
The Scottsdale, Ariz., vendor said Tuesday that the bank would begin rolling out "thousands of Hypercom Optimum payment systems to merchants across the country" in the next several years, according to a regulatory filing.
"BPI's selection of Hypercom is a vote of confidence for our company, speaks of our products' competitive advantages and reinforces our footprint in this important market," Jacques-Herve Maupin, Hypercom's Asia-Pacific managing director, said in the filing.
The bank has about 800 branches nationwide.
Hypercom recently agreed to be bought by VeriFone Systems Inc. in an all-stock offer valued at about $485 million, including net debt assumed.
