PayRange, the category-defining commerce platform for unattended retail, today announced the acquisition of KioSoft Technologies, a global provider of cashless payment and IoT solutions. To accelerate the digital transformation of unattended retail, combining PayRange’s mobile-first payments platform with KioSoft’s global cashless and IoT infrastructure. The merged company will modernize millions of coin-operated machines across the US, Canada, Latin America, and Europe, offering operators enhanced engagement, analytics, and unified payment capabilities. KioSoft will operate under the PayRange brand, with its president, Charles Lee, becoming vice chairman, as the combined entity aims to deliver a more connected, seamless consumer payment experience in self-service environments worldwide.
PayRange to Acquire KioSoft, Accelerating the Digital Transformation of Unattended Retail
