Dutch bank ING has increased its interest in Anachron, a specialist in the field of electronic invoicing. The increase in ING’s stake in Anachron to 30%, as well as the strengthening of the cooperation between its Billington unit and Anachron, illustrate the vision ING has for the future and the role it sees for electronic invoicing in the payments sector.
The cooperation builds on the activities already developed by the two parties in the field of electronic invoicing and will look at opportunities for their further expansion on the European market through ING’s national and international network.
ING foresees strong growth in the electronic invoicing market. “Within the next five years we expect the majority of European companies to use electronic invoicing,” said Robert Heisterborg, responsible at ING for corporate payments in his capacity as global head of payments and cash management for ING Wholesale Banking.
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