SIA completes acquisition of First Data card processing services

SIA and First Data Corporation have announced the completion of SIA’s acquisition of the latter’s card processing businesses in parts of Central and Southeastern Europe for €387 million.

As a result of this transaction, SIA will offer card processing, card production, call center and back-office services, including 13.3 million payment cards, 1.4 billion transactions, and the management of over 300,000 POS terminals and 6,500 ATMs.

These businesses are primarily located in seven countries: Greece, Croatia, Czech Republic, Hungary, Romania, Serbia and Slovakia. In 2017, these businesses generated a combined revenue of approximately €100 million for First Data.

Following the completion of this transaction, First Data remains “highly committed” to the European issuer processing business and will continue to serve its “significant client base” primarily through its VisionPLUS platform.

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