Nets Acquires Dotpay/eCard from MCI Capital
Nets has announced the acquisition of Dotpay/eCard, online payment service providers in Poland. Andrzej Budzik will continue as CEO of Dotpay/eCard and report directly to Asger Hattel, Head of Merchant Services in Nets, and the brands of Dotpay and eCard will remain.
With this acquisition Nets gains access to the sixth largest country in EU by inhabitants with a growing economy, solid growth in eCommerce volumes and high growth potential through cash to digital payments conversion, well supported by governmental cashless initiatives. Dotpay/eCard employ about 100 people and the expected gross revenues for 2018 are €19m. The acquisition is subject to approval by the relevant Polish authorities. Closing is expected to be in Q4 2018.