Nets and Przelewy24 create a strategic alliance
Nets and Przelewy24 have formed a strategic alliance in order to create one of the largest online payment service providers in Poland.
The strategic alliance between the Nordic paytech, Nets and DACH payments industries, and Przelewy24, a Polish online payment service provider, is now a reality as all regulatory authorities have given their approval.
The new joint Polish group under the holding company “P24 DotCard” includes Przelewy24 and Dotpay/eCard, which were recently acquired by Nets.
P24 DotCard is one of the largest online payment service providers in Poland. With a stake of 51% Nets is a majority shareholder of P24 DotCard. The brands of Dotpay, eCard and Przelewy24 are being retained.
Bo Nilsson, CEO of the Nets Group, says: “By joining forces, the single brands Dotpay, eCard and Przelewy24 will benefit from increased industrial scale and faster time to market. I am looking forward to advancing our businesses and to strengthening our presence in Poland.”
“With our joint offerings in the e-commerce area, we will further strengthen our combined 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 our customers,” says Piotr Kurczewski, CEO of Przelewy24.
Kurczewski retains his role as CEO of Przelewy24. He holds 49% of the joint holding company P24 Dotcard as a shareholder and is a designated member of the Supervisory Board, reporting to Robert Hoffmann, Chairman of the Supervisory Board, CEO of Concardis and designated head of merchant services of the Nets Group.
“The new set-up is great news for our Polish customers. P24 DotCard will still be a local Polish player but now with a stronger position, benefiting from the experience and knowledge of Nets as a leading pan-European payment provider,” says Andrzej Budzik, CEO of P24 DotCard and CEO of Dotpay/eCard. Andrzej Budzik reports directly to Robert Hoffmann.
P24 DotCard employs about 200 people in Poznań, Warsaw and Cracow.