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EVO Payments acquires Deutsche Card Services

evo paymentsEVO Payments completed on Friday its acquisition of Deutsche Card Services, which will conduct business under the new name of EVO Payment International GmbH.

The acquisition will allow EVO to operate as a payments institution, as well as a Visa and MasterCard member in 39 European markets.

Deutsche Bank’s Global Transaction Banking also entered into a long-term partnership with EVO that includes a pan-European joint marketing campaign covering card acquisition and related GTB customer products.

“As we continue to expand our global scale and reach, the acquisition of Deutsche Card Services and our partnership with GTB provides significant additional product and market coverage that is crucial in meeting the expanding needs of our customers,” EVO CEO James G. Kelly said. “We are excited about the potential this acquisition and our partnership with GTB bring to EVO, and, most importantly, our customers and partners.”

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