The strategic alliance between Nets and Przelewy24, a Poland-based online PSP, has now become 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, a player in the European payments industry.
P24 DotCard is now one of the largest online PSPs 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.
In recent news, Nets and Swish, a Sweden-based payments app, have announced their collaboration on an in-store payments pilot programme that will expand to additional merchants after the summer of 2019 – being the first of its kind in Sweden.