EVO, Raiffeisen Form Card Payment Partnership in Poland

EVO Payments International (EVO) has entered into an agreement with Raiffeisen Polbank to form a long-term strategic alliance that will provide merchants in Poland with payment services.

The deal will see Raiffeisen Polbank transfer its existing payment services business into a new company created and managed by EVO that closely cooperates with Raiffeisen. EVO will make available to the bank’s merchant customers a variety of card acceptance solutions and processing for alternative payment methods and will support the acquisition of market share. The deal is subject to regulatory approvals and is expected to be completed by the end of the third quarter of 2015.

“We are delighted to partner with Raiffeisen in Poland,” said James G. Kelly, chief executive officer (CEO) of EVO Payments International. “This alliance further strengthens our existing position in the Polish market and provides additional opportunities to partner with a leading financial institution.

“We look forward to expanding our distribution by providing the powerful payment solutions offered by our European platform to Raiffeisen Polbank’s valued customers. Through the alliance EVO will provide a full suite of high quality payment processing services that will appeal to both existing and prospective customers of the bank.”

As part of the promotion currently running for the new micro business account („Wymarzone Konto dla Biznesu”), the bank offers terminals on lease for one zloty (PLN) for a period of two months. Companies may extend the term at PLN39 (US$8.0/€7.4) per month for the lease of a terminal.

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