Snorrason Holdings ehf, a provider of international payment processing services, today announced it has signed an agreement with Handpoint, mobile point-of-sale platform provider, to acquire Handpoint's Icelandic merchant portfolio. The company will merge the portfolio into its DalPay merchant services division, according to a press release.

"We have not just acquired the payment processing operations for Handpoint's Icelandic customers (which is a great acquisition in itself); we have also added the capability to offer our customers the industry's most innovative and trusted mPOS solutions," Snorrason CEO Bjorn Snorrason said in a statement. "This deal is a win-win situation for everyone involved: DalPay will welcome some of Iceland's largest companies to its customer base; and DalPay clients will be able to accept in-person credit and debit card or mobile app payments while continuing to accept online payments from their customers worldwide as they do today."

​Snorrason Holdings anticipates that mPOS terminals will be made available to all qualifying DalPay merchants by the end of 2014.