The two companies mrged in a deal valued at EUR 70 million structured and negotiated by EDC Advisors.
The new group will operate across the UK, Europe and Australia, with the combined resources of the merged companies providing the scale and international reach required to compete in an expanding global digital banking market.
The deal also brings The Change Account, a banking inclusion company, and Travel Welfare, the airline compensation specialist into Omnio Group.
Omnio’s digital banking platform supports rapid market entry and agile product development through an omnichannel approach that supports all digital portals and customer touch points. Omnio Group will continue to invest in cloud-based fintech, providing the group with a broad range of leading banking and payment functionalities focused on the banking, retail, airline and corporate payments markets.
The company’s international blue chip client base includes An Post, Unisys, Ghana International Bank, Fair FX, STA, easyJet, TUI, Thomas Cook, Qantas, and 7/11.
Omnio is regulated in the UK, Europe and Australia, as well as being a principal member of Mastercard and Visa. The group processes payments worth in excess of EUR 1 billion annually, manages more than two million active accounts with balances of EUR 100 million and supports more than 300 banking & payment programmes worldwide.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.