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Daimler Financial Services to acquire PayCash Europe

Monday 23 January 2017 09:46 CET | News

Daimler Financial Services announced it will acquire the electronic payment services provider PayCash Europe.

PayCash Europe is an e-payment company which offers solutions for cryptocurrencies. By gaining a foothold in the e-payment business, Daimler AG will be launching its own electronic payment services provider under the Mercedes pay brand name.

PayCash Europe is a financial institution that is regulated by the Luxembourg banking authority with a license for electronic cash. The e-payment company, which was founded in 2012, also offers solutions for cryptocurrencies, such as bitcoin and e-wallet systems, in addition to mobile payment services.


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Keywords: Daimler Financial Services, PayCash Europe, mobile payments, e-payment
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce