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Nets acquires leading Polish payment provider Polskie ePłatności

Thursday 12 March 2020 13:43 CET | News

Denmark-based payments provider Nets has acquired Poland-based merchant acquirer Polskie ePłatności.

 

The acquisition is subject to approval by the respective authorities, and closing is expected to be within the third quarter of 2020. Polish merchant acquirer has an installed base of more than 125,000 point-of-sales terminals, offering a broad set of payment solutions for SME merchants.

The transaction is said to value PeP’s Enterprise Value at EUR 405 million. With this acquisition, Nets aims to further strengthen its presence in Poland – one of the most attractive geographies in Europe given its low card penetration and double-digit growth in card usage, driven by the conversion from cash to card payments. PeP has more than 600 employees and expects net revenues of around EUR 55 million in 2020.


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Keywords: Denmark, payments provider, Nets, Poland, merchant acquirer, Polskie ePłatności, acquisition, mergers and acquisitions, payments, online payments, Europe, SME, merchant
Categories: Payments & Commerce | Online Payments
Countries: Poland
This article is part of category

Payments & Commerce