montrada, PaySquare merge to establish PaySquare SE

Wednesday 11 December 2013 10:12 CET | News

montrada, a German card acquiring and network service provider, and Netherlands-based credit card company PaySquare will merged from January 2014 and continue their operations under the name PaySquare SE.

Both companies operate in payment card acceptance and transaction processing and are wholly owned subsidiaries of Equens, a Dutch payment processing services company. PaySquare SE will be headquartered in The Netherlands and will have additional local branches in Germany and Poland. The current Board members of montrada and PaySquare will also form the Board of Directors of PaySquare SE. PaySquare SE processes a total sum of more than EUR 14.3 billion in credit and debit transactions per annum for 120,000 clients across nine European countries. The company will process 262 million transactions a year and support more than 80,000 terminals.

montrada provides a solution for terminal delivery and maintenance, card acceptance and network services for the brands Girocard, ELV, Maestro, V PAY, MasterCard and Visa. The new companys portfolio will include PaySquares additional credit card brands JCB, UnionPay, Discover and Diners Club. montrada operates in Germany and Poland, while PaySquare focuses on the Benelux and - for online payments - on five other countries. PaySquare SE will offer a range of products and services for customers requiring both local and cross-border services across the whole product portfolio for digital payments.

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Keywords: montrada, PaySquare, PaySquare SE
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce