Nets Completes Acquisition of Dotpay/eCard
Nets has announced the completion of the acquisition of Polish online payment service providers Dotpay/eCard. Andrzej Budzik will continue as CEO of Dotpay/eCard 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 and ecommerce volumes. Poland also has high growth potential through cash to digital payments conversion, which is well supported by governmental cashless initiatives.
Nets and Dotpay/eCard have a highly complementary strategic fit. With a comprehensive product suite, primarily within ecommerce, Dotpay/eCard complement Nets very well, and both Nets and Dotpay/eCard will benefit from increased industrial scale and synergies e.g. through joint innovation. Dotpay/eCard employ about 80 people and reported gross revenues of over EUR 12 million in 2017.