Poland-based PeP acquires 100% stake in PayLane

May 3, 2018

Poland-based payment processing company Polskie ePlatnosci (PeP) has acquired 100 per cent of the shares in PayLane, for an undisclosed amount.

PayLane offers companies online payment solutions that supports over 160 currencies and more than 30 transaction methods. Through the technology, businesses can access recurring payments, invoicing, mobile payments and one-click transactions.

The PayLane GO! is a mobile application offered by PayLane which supports card payments processing via mobile phones, and can be implemented into a personalised mobile app for the client.

Polskie ePlatnosci is a non-cash payment processing solution that supports transactions including cards, cashback, mobile transactions, self-service terminals and ePayments, among others.

The company hopes PeP will be able to support its growth plans, will also offering its customers more online payment services, including payment terminals, mPOS, and e-payments.

In a blog post, Paylane CEO Karol Zielinski said, â€œ[These] last years proved to be extremely dynamic for us. We succeeded in building a brand that is associated today with fresh and innovative approach to e-payments. We acquired and service Merchants from over 20 countries who sell their products and services in over 200 countries from all over the world.

We serve companies who sell locally in Poland and those who trade internationally. Despite the fact that everything has been going pretty well, we decided to introduce some changes. We needed something that would help us accelerate even more and broaden the scope of our services.â€

Following the acquisition Paylaneâ€™s clients will not be affected and will continue to operate through the systems and integrations, according to the company.

Earlier in the year, Poland-based FinAi netted a â‚¬1.75m investment from The National Centre for Research and Development in Poland. The company is building an digital lending platform that hopes to simplify the consumer credit path, while also supporting risk management and credit risk.