Paysafe, a London-based payments FinTech, has acquired German FinTech viafintech in an all-cash transaction.
In Brief:
The value of the deal has not been disclosed.
viafintech offers payment infrastructure that is independent of a bank.
Paysafe currently offers payment processing, digital wallets, e-cash and open banking solutions across 40 currencies.
What does this mean?
Udo Müller, CEO, Paysafe eCash and Open Banking commented: “By combining viafintech’s leading solutions with our existing eCash and APM portfolio, we are well positioned as an essential payments partner to challenger banks around the world as consumer banking habits continue to evolve.”