Global Payments and Caixa Bank finalise JV with Erste Bank
Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology services, and CaixaBank, Spain’s largest bank by market share, announced today the completion of the formation of a joint venture with Erste Group Bank AG (Erste Group), a leading financial services provider in Central and Eastern Europe (CEE), to provide merchant acquiring and payment services in the Czech Republic, Slovakia and Romania.
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Under the terms of the agreement, Global Payments and CaixaBank hold a 51 percent majority interest in the joint venture, and Erste Group holds the remaining 49 percent.