Polish payments firm Polskie ePlatnosci (PeP) has acquired 100% shares of local rival PayLane for an undisclosed sum.

PeP offers cashless payments for business, offering a range of services such as settlement of card transactions, cashback, dynamic currency conversion, top-up pre-paid mobile phones, as well as support for advanced loyalty programmes.

PayLane is an online and mobile payments provider, which operates in 20 countries.

The merged entity will accept payments through various channels including payment terminals, mobile, and online.

“After many talks, we decided that PeP is our best choice. They are an ideal partner who will enable us to fulfill our ambitious plans for the future. Together we will serve you, our Clients, in the omnichannel model. We will be able to offer everything you need for your online payments. You will get payment terminals, mPOS, and e-payments,” PayLane said.