"To expand our leading position as a one-stop payment shop for merchants and a strong provider of processing services for banks across Europe we now centre our activities around two distinct and empowered business units. This will, with increased strength, address our customers' needs still benefitting from the synergies related to security, stability and scale that comes from e.g. operating integrated end-to-end processing platforms," says Bo Nilsson, CEO of Nets Group.
The new business units are:
Merchant Services that brings together all our businesses and services targeted merchants also welcoming the newly acquired companies in the DACH region and Poland i.e. Concardis, RatePAY, Dotpay/eCard and Przelewy 24 into one powerhouse. This strengthens our combined offering as a one-stop-shop for merchants in Europe. Robert Hoffman will lead Merchant Services.
Issuer & eSecurity Services expands our Financial and Network services business as we welcome Croatian based MPSI. Together with Digitisation and eSecurity, the unit will drive all services towards issuers across Europe from a strong Nordic base helping the customers to differentiate their business through best-in-class payment solutions. Thomas Jul will lead Issuer & eSecurity Services.
The two core business units will be supported by more focused group functions (Technology, HR & CFO area) with unique shared assets that differentiates our business and makes us stronger as a group.
As previously announced Nets' account-to-account based services including clearing and instant payment services, and e-billing solutions has been sold to MasterCard which will be subject to merger clearance.
The implementation of a new operating model in the Nets Group, that is headquartered in Ballerup (Denmark), will initially not mean any changes for our customers.