Nexi, which is in the process of merging with smaller domestic rival SIA, would set up a joint-venture with Alpha which wants to retain a presence in the business, according to Reuters.
Separately, SIA was also in discussions to buy Greece’s payment network firm Cardlink.
The two deals “would make Nexi-SIA a key player in the Greek payments market,” Jefferies analysts said in a note.
The broker said Alpha Bank and rival Piraeus Bank together held at least 30% of Greece’s in-store payment market.
Alpha Bank’s retailers payment business processed around 9 billion euros in volumes in 2018 of which around 68% was linked to domestic card transactions, Jefferies said.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
