Paysafe has signed their settlement to amass Viafintech‘s firm and markets. The German monetary tech enterprise has been acquired by the fee platform for an undisclosed sum.
This may permit them to broaden and develop inside Germany and its markets, and would give them the alternatives to cross-sell Viafintech’s options to retailers world wide.
The tech enterprise presently has the Barzahlen and Viacash manufacturers which provide monetary companies throughout the DACH area of Germany, Austria, and Switzerland. Additionally they function in different European international locations and have a community of 20,000 factors of sale throughout over 20 retail companions, along with their relationships with different banking and fee suppliers.
Udo Müller, ecash and open banking chief govt of Paysafe, stated: “We imagine the group are completely positioned to make the most of the shift away from the legacy banking system in Germany and past as increasingly challenger banks enter the market and customers choose to make use of mobile-based options for banking and funds.
“By combining Viafintech’s main options with our present eCash and APM portfolio, we’re nicely positioned as a vital funds associate to challenger banks world wide as client banking habits proceed to evolve.”
Additional acquisitions for Paysafe
This newest acquisition for Paysafe ought to permit them to chase down alternatives each in Europe and additional afield.
Viafintech’s former majority shareholder – Glory Ltd – is because of enter a brand new strategic partnership with Paysafe. They may start to supply paysafecard as an choice inside their in-store fee kiosks whereas Paysafe will provide their money expertise options to their retailers.
The deal is because of shut in a number of months, and comes off the again of Paysafe’s acquisition of ecommerce fee supplier SafetyPay, and the Peruvian different fee platform PagoEfectivo.
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