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The European Payments Initiative (EPI) has announced the successful closure of the acquisition of the Dutch payment solution iDEAL and the Luxembourg technology provider Payconiq International as announced earlier this year.
EPI completes acquisition of iDEAL and Payconiq
This marks a significant milestone for EPI’s strategy to deliver a unified instant payment scheme and platform for Europe.
The completion of these acquisitions further supports its ambition to become a leading player in the European payments landscape, an ambition that has been hampered by arguments and delay.
It also underscores its commitment to provide Europe with an innovative, secure and instant digital payment solution.
This will enable EPI to start preparing the deployment of its payment solution in Belgium, France, Germany, followed by the Netherlands – countries that together represent more than half of all non-cash payments in the euro area, before extending to other European countries.
EPI firmly believes that both Currence iDEAL and Payconiq International constitute strategic assets that will support to drive forward its mission to build a digital wallet solution and an instant, account-to-account payment means under one unified brand across European countries.
EPI also recently announced that its digital wallet, named Wero, will launch, bridging the gaps in the current payment ecosystem in Europe.
“I personally would like to express my gratitude to all parties involved in these significant transactions,” says Martina Weimert, the CEO of EPI.
“I thank our shareholders for their continuous trust in EPI’s vision and mission and the relevant authorities for their diligent review.
Furthermore, I would like to address a warm welcome to the employees of iDEAL and Payconiq International who will be joining the EPI family.
I believe that their expertise and experience will be very valuable in driving the success of EPI and its payment solution Wero.”
Financial information about the acquisitions will not be disclosed.
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