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Online Payments

Wirecard to purchase PT Prima Vista Solusi

Monday 20 August 2012 | 11:20 AM CET

German provider of electronic payment and risk management services Wirecard has agreed to acquire all shares in PT Prima Vista Solusi, an Indonesian technology provider of end-to-end payment solutions.

The transaction comprise cash payments of almost EUR 39.7 million and earn out-components of up to almost EUR 4.7 million, dependent on the operational profit of the acquired company between 2012 to 2014. It is expected that the acquisition will contribute an amount of almost EUR 4.0 million to the consolidated operational earnings before interest, taxes, depreciation and amortization (EBITDA) of Wirecard Group in the fiscal year 2013. The acquisition is expected to be completed by Q4 2012 and it is subject to the approval of the relevant authorities in Indonesia.

PrimaVista provides payment services for emerging markets, such as mini- and mobile-ATMs, solutions for cash payment of utility bills and internet purchases as well as biometric authentication solutions. With a range of products for contactless and mobile payment, PrimaVista provides financial institutions and merchants in Indonesia with the technical infrastructure for future acceptance of contactless mobile payments.

Since early 2012 PrimaVista, in partnership with Wirecard, provides multi-channel payment solutions to local financial institutions, enabling them not only to process payments at the point-of-sale but to also accept electronic payments on the internet.
 

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