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February 22, 2018

Inpay snaps up postal payments network Eurogiro

Danish payments firm Inpay has acquired local postal payments network Eurogiro for an undisclosed sum.

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Eurogiro was set up in 1993 by 14 postal organisations in Europe. The firm has operations in over 55 countries, facilitating cross-border payments for postal organisations, banks and other financial services providers through a global infrastructure.

Post acquisition, Eurogiro will maintain its operational independence and will also retain its postal brand. At the same time, it will transform into a global open platform.

Inpay CEO and founder Jacob Tackmann Thomsen called Eurogiro a “very strong strategic fit” for the firm.

“Inpay is extremely committed to ensuring the continuity and growth of Eurogiro and to bringing innovative products and services to its members,” Thomsen noted.

Eurogiro CEO Michel Stuijt added: “Inpay has a great track record in offering cross-border payment services and solutions to financial institutions. I am very excited to bring these benefits to all our members and place them in pole position for the future developments in the financial industry.”

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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