Under the terms of the deal, EVO Payments International is set to acquire 100% of Deutsche Card Services. The transaction is subject to regulatory approvals.
Additionally, Deutsche Banks Global Transaction Banking division and EVO Payments International will enter a long-term strategic relationship agreement which will focus on joint marketing efforts regarding card acquiring and related products by the two parties on a pan-European exclusive basis. The relationship is a reflection of Deutsche Banks on-going commitment to card acquiring as an important product to Deutsche Banks merchant clients.
Deutsche Card Services, Cologne, operates in 39 European markets and provides merchant acquiring services to multi-national clients of Deutsche Bank including online, point-of-sale and ATM as well as other related services.
EVO Payments International offers a range of payment products and solutions to merchants, Independent Sales Organizations (ISOs), financial institutions, government organizations and multinational corporations located throughout the US, Canada and Europe.
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