RS2 acquires KALICOM to support card-based payment systems in Germany

Thursday 23 January 2020 13:49 CET | News

RS2 Group, a global payments processing provider, has acquired KALICOM Liebers Zahlungssysteme, a commercial network operator for electronic and card-based payment systems in Germany.

The acquisition follows the groups announcement to enter the merchant direct acquiring business and represents along with the earlier announcements the foundation of RS2 Financial Services, according to the official press release.

KALICOM provides RS2 with more than 4.000 terminals and an existing merchant book combined with capabilities of selling, installing, servicing terminals and processing card transactions in the German market for small and mid-size accounts.

The acquisition of KALICOM is a further step for RS2 to eliminate any dependencies on third parties to ensure first class services. At the same time, this gives RS2 a quick start into the German acquiring market.

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Keywords: RS2 Group, acquisition, card payments, debit card, credit card, payments , Germany, KALICOM, payment terminals
Categories: Payments & Commerce
Countries: Germany
This article is part of category

Payments & Commerce