Nets Acquires Major Polish Card Payment Processor

​Nets Group, Europe's leading payment providers, has announced that it has completed the acquisition of one of Poland’s major five card processors Polskie ePłatności (PeP), which has been approved by the relevant authorities.

This move represents the latest push by Nets to expand its pan-European growth, as it looks to further cement itself amid the country’s 38 million-strong population.

One of the reasons why the conditions for the further expansion of cashless payments in Poland are very good is that the Polish government has introduced several initiatives to promote non-cash use.

"Poland is one of the most attractive regions in Europe when it comes to growth within digital payments, and PeP is one of the fastest growing companies there. With their SME focus and strong presence in the card acceptance and POS terminals space, PeP fits very well with our existing business, extending our portfolio of online payment solutions for merchants in Poland," says Bo Nilsson, CEO of Nets Group.

In recent years, Nets Group has significantly expanded its European presence, having participated in six major strategic transactions since 2017 to provide greater exposure to high-growth regions and capture the continuing shift towards digital payments.