Poland welcomes a new player for its payments’ scene, as national incumbent Przelewy24 forms a strategic alliance with Nordic and DACH region payment solutions provider Nets (Nets.eu).
Cleared by Poland’s financial regulatory authority, Przelewy24 and Nets have launched new holding company ‘P24 DotCard’, which will operate the combined Przelewy24 and Dotpay/eCard services for the Polish marketplace.
Forming its alliance and detailing its Polish market intent, Nets confirms that it has secured 51% stake in Przelewy24. Updating stakeholders Bo Nilsson, CEO of the Nets Group, detailed;
“With the formation of this new group of companies, we further drive our group’s growth and strengthen its position in Europe and specifically Poland. By joining forces, the single brands Dotpay, eCard and Przelewy24 will benefit from increased industrial scale and faster time to market. I am looking forward to advancing our businesses and to strengthening our presence in Poland.”
Moving forward, new enterprise P24 DotCard will maintain Dotpay, ecard and Przelewy24 as lead payment and merchant solutions for its Polish market presence.
The Polish alliance will sees Piotr Kurczewski retain his role as CEO of Przelewy24, holding a 49% in P24 Dotcard, which is set to be supervised by a new board reporting to Robert Hoffmann, Chairman of the Supervisory Board, CEO of Concardis and designated Head of Merchant Services of the Nets Group.
Piotr Kurczewski, CEO of Przelewy24, says: “With our joint offerings in the e-commerce area, we will further strengthen our combined portfolio and, as part of the Nets Group, we will be able to speed up innovation building on our joint capabilities to the benefit of our customers.”
“The new set-up is great news for our Polish customers. P24 DotCard will still be a local Polish player but now with a stronger position, benefitting from the experience and knowledge of Nets as a leading pan-European payment provider,” says Andrzej Budzik, CEO of P24 DotCard and CEO of Dotpay/eCard. Andrzej Budzik reports directly to Robert Hoffmann.