back Back

Mercury Processing Services International completes rebranding to Nets

By Megha Bhattacharya

November 06, 2020

  • Europe
  • Mercury Processing Services International
Share

netsMercury PSI, European payment processing company, announced that it has become a part of the Nets Group together with German Concardis Group in early 2019. Mercury PSI will be fully rebranded to Nets, post the completion of the integrations.

Located in Croatia and Slovenia, Mercury Processing Services International is a provider of payment solutions, aiming to developing and managing its payment business on an international level. It was established in 2009.

Torsten Hagen Jørgensen, CEO of Nets Issuer and eSecurity Services said, “We are committed to building on this solid foundation with new and existing customers across new markets including South-East Europe, combining Nets’ pan-European knowledge with the great local expertise we find in Mercury PSI.”

Recently, European payment solutions provider, Nets and Nexi teamed up in exclusive negotiations to reach a potential binding agreement on the terms of a merger. The agreement will establish a pan European PayTech provider. The transaction remains subject to reaching a binding agreement during the 10-day exclusivity period, as well as all necessary corporate and regulatory approvals.

Zdenek Houser, former Head of Mercury PSI and now Country Director for Nets in Croatia and Slovenia explained, “In the rapidly consolidating payments business, scale plays an increasingly important role. I’m excited that new and existing customers in our region will now benefit from partnering with a substantially bigger, but also very innovative player in the industry, with a true customer focus and digital-first mindset.”

“We are very eager to leverage from our strong position in the South-East European market to reach new customers with our combined, modern offering, and also bringing new capabilities to our existing customers through our future-proof, end-to-end solutions,” says Houser.

Previous Article

November 06, 2020

BMO launches CashTrack Insight to bolster financial wellness

Read More
Next Article

November 06, 2020

Equifax names WEX executive Melissa Smith to Board of Directors

Read More








IBSi Daily News Analysis

March 22, 2024

Europe

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

5 Major FinTech Acquisitions announced in March 2024

Read More

Today

Tempo France suspends classical remittances, to focus on DeFi

Read More

Today

Qonto unveils its first in-house financing offer, ‘Pay later’

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023