Spanish bank BBVA will acquire Openpay, a Mexican mobile payments start-up that allows users to make card and cash payments as well as bank transfers, and has a network of points-of-sale through its global arm Paynet. The deal is expected to close in the first half of next year, with an initial investment from BBVA.
Spanish bank BBVA will acquire Openpay, a Mexican mobile payments start-up that allows users to make card and cash payments as well as bank transfers, and has a network of points-of-sale through its global arm Paynet. Openpay's founding management team will remain the same.