Payment service provider Nets strengthens presence in Poland

Nets, a payment service provider from the Nordics, has announced its strategic alliance with Przelewy24. This is a major online payment service provider from Poland. This news comes after Nets recently acquired Dotpay/eCard.

According to Nets, the Nordic company will attain a majority stake of 51 percent in the consolidated group that includes Przelewy24 and Dotpay/eCard. Nets says this deal and the strategic alliance with Przelewy24 represent a “significant entry” into Poland.

‘Poland shows solid ecommerce growth’

“Poland is characterized by solid growth in ecommerce volumes and high growth potential through cash to digital payments conversion”, the company explains. According to Statista, ecommerce in Poland is expected to show a revenue growth of 9.4 percent in 2020.

Nets: ‘We aim to further strengthen our presence in Poland’

“Przelewy24 has performed very well in recent years achieving continued growth in volume and revenue”, says Bo Nilsson, Group CEO of Nets. “This strategic alliance increases our presence in the merchant services area in Poland and in combination with our acquisition of Dotpay/eCard we aim to further strengthen our presence in Poland through consolidation and strong commercial initiatives.”

Piotr Kurczewski, who will remain as CEO of Przelewy24 and shareholder with 49 percent of the consolidated group, thinks his company can further strengthen their combined merchant services 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 merchants, partners and consumers.”

About Nets

Nets has partnered with over 400,000 merchants, including 35,000 online merchants, more than 240,000 enterprises and over 240 banks across the Nordic region and mainland Europe.