Nets Buys Nordea Merchant Acquiring

Nordea is selling its Nordea Merchant Acquiring (NMA) business to Nets Holding A/S, the Nordic provider of payments, cards and information services for a price of 1.7bn Danish krone (DKK), equivalent to €230m/£160m.

NMA is the division of the bank’s payment business dealing with the acquisition of international payments cards. “We are very pleased to announce that Nets has signed a deal to acquire NMA. The acquisition enhances Nets’ ability to deliver first-class integrated acquiring services to a total of approx. 240,000 merchants across the Nordic and Baltic region,” said Asger Hattel, group executive vice president, merchant services, Nets.

Nets acquiring, operating under the Teller brand, provides financial acquiring of international payment cards for the most widely used payment cards, such as Visa, MasterCard, American Express, JCB and UnionPay. Nets operates in more than 20 countries through cross-border activities.

“Merchant commerce is changing rapidly and evolving into a market with increasing focus on the full payment proposition – acquiring, payment gateway, terminals/eCom and value-added services – and one-point-of-contact solutions across all segments and across borders,” the firm announced. “Nets will thus have a strong focus on providing merchants looking for a full-service proposition with a solution that fits their needs.”

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