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”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
