VELPAY, POS and payment device

PayFacto Launches VelPAY, Canada’s First All-in-One POS and Payment Solution

October 7, 2020
Montreal, QC – PayFacto Payments Inc. (“PayFacto”), a leading payment and hospitality industry technology provider, expands its market leadership position with the launch of its newest product, a full-function mobile point-of-sale (POS) and payment solution on a single handheld device, the first of its kind in Canada. This latest innovation, called VelPAY, is part of PayFacto’s strategy to become the top provider of payment and technology solutions for hospitality merchants around the world.

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Streamlining Restaurant Operations

VelPAY is designed to enhance speed, efficiency and customer experience for restaurants and bars. The solution allows servers to take orders and process payments directly at the table, eliminating the need to return to a fixed POS terminal.

“We understand that restaurants are seeking solutions to improve speed and efficiency,” said David Lafleur, Vice President of Sales for Canada. “VelPAY empowers servers to manage orders and payments on a single device at the table. For the first time in Canada, managers and owners can handle all restaurant functions, including changing menu items or adding employees, directly from a handheld device.”

Integrated Technology for Simplicity and Efficiency

Following the acquisitions of Maitre’D and Veloce, PayFacto has seamlessly integrated these leading POS systems with its payment processing technology. With VelPAY, hospitality merchants can:

  • Simplify Operations: Send orders directly to the kitchen.
  • Speed Up Processes: Take payments at the table without delays.
  • Reduce Costs: Streamline workflows with a single, all-in-one device.

PayFacto is committed to providing state-of-the-art solutions that address the unique needs of the hospitality industry. VelPAY exemplifies this commitment by combining cutting-edge POS functionality with robust payment capabilities.

A Commitment to Innovation

“We know it has been a very difficult last few months for the hospitality industry, and we have done our best to support the industry during this time, staying open during the pandemic to provide support to our customers and offering free modules for online ordering, delivery and curbside pickup, and other financial assistance. I think the best support we can give to the industry is innovation – innovation that makes restaurant owners’ lives easier and more efficient,” said Martin Leroux, CEO and President of PayFacto. “I am particularly proud of VelPAY as it is our first innovation that brings together the POS and payment parts of our business, a testament to the integration of our payments and POS businesses, and a key element of our growth  strategy.”

Accelerating Global Expansion

PayFacto’s solutions are trusted by over 50,000 merchants worldwide. VelPAY has already been successfully deployed on more than 1,000 devices in over 250 restaurants and bars across Canada.

Next Steps in Expansion:

  • U.S. Launch: VelPAY will debut in the U.S. market in the coming weeks.
  • European Market: Later this year, PayFacto will pioneer handheld POS and payment solutions in Europe as part of its international growth strategy.

About PayFacto

Headquartered in Montreal, PayFacto operates in Canada, the United States, the United Kingdom and France. Renowned for its expertise, agility and execution, PayFacto delivers innovative payment solutions and hospitality technology to help businesses of all sizes optimize their operations and electronic transactions. Learn more at payfacto.com.

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