ING Bank is to acquire 75 % of payments provider Payvision . Amsterdam - based Payvision provides over 80 different payment methods and is valued at about $ 445 m . Its team will have a 25 % stake after the deal is closed , which is expected to be in this quarter . ING 's CEO , Ralph Hamers , said Payvision was a great solution with proven potential in an area where the Dutch bank needs to expand , 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. Its team will retain a 25% stake after the deal is closed, which is expected to be in this quarter. 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".