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Nets announces strategic alliance with Przelewy24 and continues expansion into Poland

+ Nets establishes strategic alliance with Przelewy24, a leading Polish online payment service provider.
+ Adding to the recent acquisition of Dotpay/eCard, Nets consolidates its payment activities in Poland – a country characterised by high growth in digital payments.
+ Przelewy24’s customers will benefit from a broader portfolio of state-of-the-art e-commerce solutions.
+ At the beginning of January, Nets and the German Concardis Payment Group completed their merger to further strengthen their leading position in the European payment market

Ballerup, Denmark, and Poznań, Poland – 11 February 2019. Nets, a market leader in the payments industry, today announces its strategic alliance with Przelewy24, a leading online payment service provider in Poland. This follows the acquisition of Dotpay/eCard, and Nets will attain a majority stake of 51% in the consolidated Polish group that will include Przelewy24 and Dotpay/eCard. Piotr Kurczewski will continue as CEO of Przelewy24 and shareholder with 49% of the consolidated group.

The two deals represent a significant entry by Nets into Poland, a country characterised by solid growth in e-commerce volumes and high growth potential through cash to digital payments conversion.

Group CEO of Nets, Bo Nilsson, says: “Przelewy24 has performed very well in recent years achieving continued growth in volume and revenue. This strategic alliance increases our presence in the merchant services area in Poland and in combination with our acquisition of Dotpay/eCard we aim to further strengthen our presence in Poland through consolidation and strong commercial initiatives.”

Przelewy24 has a comprehensive product suite within e-commerce. As part of Nets Group they will benefit from a broader portfolio of state-of-the-art e-commerce solutions, increased industrial scale and synergies through joint innovation.

CEO of Przelewy24, Piotr Kurczewski, comments: “With our offerings in the e-commerce area we will further strengthen our combined merchant services portfolio, and as part of the Nets Group we will be able to speed up innovation, building on our joint capabilities to the benefit of merchants, partners and consumers.”

Przelewy24 employs around 100 people and its 2017 gross revenues were more than EUR 20 million. The agreement is subject to customary approvals by the relevant Polish authorities.

 

About Nets
At Nets, we see easier payment solutions as the foundation for growth and progress – both in commerce and society. The Nets Group, which employs 3,500 people and now includes German Concardis and Polish Dotpay/eCard, helps hundreds of financial institutions, and hundreds of thousands of businesses and merchants in Europe make tomorrow a little easier for their customers while delivering unrivalled security and stability. Powering a tomorrow that’s easier than today. This is what drives us.

About Przelewy24
Przelewy24 is a leading Polish payment service provider within e-commerce offering merchants comprehensive, omni-channel payment solutions tailored to the most demanding business processes. As a payment institution with about 100 employees located in Poznań, we service more than 85,000 merchants.

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