SIA and First Data Corporation have announced the completion of SIA’s acquisition of First Data’s card processing businesses in parts of Central and Southeastern Europe for €387m.
As a result of this transaction, SIA now offers card processing, card production, call centre and back-office services, including 13.3 million payment cards, 1.4 billion transactions, in addition to 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 €100m for First Data.
Following the completion of this transaction, First Data says it remains highly committed to the European issuer processing business and will continue to serve its client base, primarily through its VisionPLUS platform.