ING Bank is to acquire 75% of payments processor Payvision. Amsterdam-based Payvision provides over 80 different payment methods and is valued at about $445m. The financial institution will buy 75% of Payvision, as reported by the Financial Times, with the company valued at about $445 million. The acquisition will give the Dutch bank a presence in Europe that it has lacked since its founding in 1994. ING's CEO, Ralph Hamers, said Payvision was a great business with proven technology in an area where the Dutch bank wants to grow, adding he was confident customers would "strongly benefit from this investment".
ING Bank is to acquire 75% of payments processor Payvision. Amsterdam-based Payvision provides over 80 different payment methods and is valued at about $445m. The acquisition will give the Dutch bank a presence in Europe that it has lacked since its founding in 1994. ING's CEO, Ralph Hamers, said Payvision was a great business with proven technology in an area where the Dutch bank wants to grow, adding he was confident customers would "strongly benefit from this investment".