Prime Highlight:
- Euronet Worldwide has agreed to acquire CrediaBank’s merchant acquiring business, strengthening its payment processing presence in Greece.
- The companies also entered a broader partnership covering ATM operations, digital wallets, and joint payment solutions to enhance customer experience.
Key Facts:
- The CrediaBank subsidiary will be merged into Euronet Merchant Services Payment Institution (epay) after regulatory approvals, with the deal expected to close by Q3 2026.
- The partnership initially spans three years and allows CrediaBank to focus on core banking while leveraging Euronet’s global payments expertise.
Background:
Euronet Worldwide has agreed to acquire the merchant acquiring business of Athens-headquartered CrediaBank for an undisclosed amount. The transaction forms part of a broader partnership between the two companies and is subject to regulatory approvals. CrediaBank said it expects the deal to close by the third quarter of 2026.
Following completion, the CrediaBank subsidiary will be merged into Euronet Merchant Services Payment Institution, which operates in Greece under the brand name epay. The move will strengthen Euronet’s merchant services presence in the Greek market and expand its local payment processing capabilities.
Alongside the acquisition, CrediaBank and Euronet have entered into a wider operational partnership. Under the agreement, CrediaBank will hand over the management and operation of its ATM network in Greece to Euronet Card Services. This includes card management functions as well as transaction processing for issued cards.
The partnership also covers a joint collaboration on payment solutions and digital wallet services. These initiatives will initially run for a three-year period, with both companies aiming to improve digital payment access and customer experience in the Greek market.
The transaction lets CrediaBank focus on its main banking services while using Euronet’s global payments expertise. For Euronet, the deal adds another local business to its growing international network and strengthens its presence in Southern Europe.
Euronet keeps growing by partnering with and buying other companies in different regions. Another company in the group, Dandelion, recently grew its network by partnering with big global banks like Citi, Commonwealth Bank of Australia, and Standard Chartered.
The latest agreement reflects ongoing consolidation in the payments sector, as banks and fintech firms seek scale, efficiency and stronger digital capabilities through strategic alliances.
