UPG, a UK-based cards and payments company, has completed the acquisition of Berlin-based payments company, PayCo, expanding its payments operations in Europe.

The acquisition will combine PayCo’s payments solution with UPG’s business to offer an enhanced range of alternative payments method for merchants across the UK and Europe.

The combined UPG and PayCo proposition will increase the value delivered to its customers and accelerate the growth of the UPG business.

UPG CEO Miles Carroll said: "PayCo brings a new dimension to the future of UPG, with the introduction of an immensely strong European offering and a massive range of alternative payment methods to our platform.

"This is another big step for UPG, with the combined strength, capability and expertise of PayCo and our previous capability, we are well on our way to becoming the payment company of choice for business everywhere."

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