EVO Payments and EuroBic to Create New Card Acceptance Joint Venture in Portugal
“We are delighted to form a long term alliance and joint venture with EuroBic and be able to expand EVO’s merchant acquiring services in Western Europe,” stated
In connection with the alliance, EuroBic will create a new entity that contains the Bank’s merchant acquiring business, and EVO will acquire a 50% plus one share ownership in the entity. EVO will manage the joint venture and make its market leading card acceptance solutions available to the Bank’s merchant customers through its proprietary network of processing platforms.
EuroBic is a medium-sized Portuguese bank, with approximately 200 branches nationwide, offering a full range of financial products and services for individuals and companies. The bank has a focused digital strategy to lead the structural transformation of banking in
Investor Relations & Corporate Communications Manager
Source: EVO Payments, Inc.