FT Partners advised ING on its acquisition of a majority stake in Payvision.
On January 29, ING announced that it has acquired a 75% stake in Payvision. Payvision is a fast growing, independent international card acquirer and payments platform. The company started in Amsterdam and now has offices in New York, London, Madrid, Toronto, Singapore, Tokyo and Hong Kong. The transaction values Payvision at EUR 360m. The company’s solution connects payment service providers and global merchants.
ING Bank and Payvision are both Dutch-based, global financial companies.
ING will take Payvision’s solution to its 40 operating countries to strengthen its omni channel payments services and expand merchant services. There is a particular focus on the e-commerce market segment. With Payvision, ING’s business customers will be able to accept payments through any channel; POS terminals, web shops or other devices.
FT Partners, a San Francisco-based investment banking firm, advised ING on this acquisition. FT Partners specialises in buy and sell advice in the payments space. The investment banking firm recently established an EMEA office in London to advise on this acquisition.
By Grace Appleford, Research Analyst at Holland FinTech.
