ABN Amro, a prominent Dutch bank, has announced the sale of its 49% stake in EMS, a digital payments business, to Fiserv.
Established in 2005, EMS has grown to become a key player in the Netherlands’ digital payments landscape, offering cutting-edge infrastructure and technology solutions that facilitate seamless transactions between merchants and their customers.
This strategic move by ABN Amro to sell its stake in EMS to Fiserv is part of the bank’s ongoing commitment to assess and optimise its investments. ABN Amro, in collaboration with Fiserv and EMS, believes that EMS will thrive under Fiserv’s complete ownership, ushering in a new chapter of growth and innovation for the digital payments venture.
ABN Amro is one of the Netherlands’ leading financial institutions. With a focus on providing comprehensive banking and financial services, the bank has a strong presence both domestically and internationally.The Dutch firm’s decision to divest its stake in EMS reflects its dedication to enhancing its portfolio and embracing the changing landscape of financial technology.
EMS, the digital payments business, has firmly established itself as a critical player in the digital payments ecosystem. With a client base of 40,000 spanning 25 markets and affiliation with 13 national payment schemes, EMS has been at the forefront of facilitating secure and efficient payment processing between merchants and their customers. Its technology-driven solutions have enabled businesses to streamline their transactions and enhance customer experiences.
The transaction involves Fiserv, the former majority owner of EMS, acquiring the remaining 49% stake from ABN Amro. While the financial terms of the deal have not been publicly disclosed, the immediate transfer of ownership signals a significant development in the digital payments sector. Fiserv’s expanded control of EMS is expected to bring new opportunities for growth and innovation in the evolving landscape of payment processing.
In a statement, the Dutch bank said, “ABN Amro regularly reviews its investments and concluded in consultation with Fiserv and EMS that EMS will be best served in its next chapter of growth by being wholly owned by Fiserv.”
This move represents a strategic realignment of assets within the financial technology sector, reflecting the dynamic nature of the industry and the pursuit of enhanced capabilities in digital payments.
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