New York and Prague, August 12, 2015 – As a milestone in its strategy to improve the quality of its services, Raiffeisenbank entered into a partnership with EVO Payments International, a leading card payment acquirer and payment service provider operating throughout the United States, Canada and Europe. As a result of the partnership, all acquiring related services and responsibilities will transfer to a newly founded Czech subsidiary of EVO, “REVO”. The transaction, subject to regulatory approvals, is expected to close at the beginning of 2016.
“We are confident that the innovative and secure solutions offered through this partnership will form a stepping stone to strong future cooperation with our clients,” says Vice-Chairman of the Board of Raiffeisenbank, Rudolf Rabiňák. “Our payment cards acceptance product shall be further developed and supported by us and our new strategic partner. We are following the global trend in which companies highly specialized in the field of merchant acquiring take control of such operations. In Europe, there has been an increase in new strategic alliances between banks and payments companies, which has resulted in a number of positive consequences for clients. Through the experience of new strategic partners, clients gain access to the most modern technologies and are able to use an extensive spectrum of services (including customer service and other forms of support),” adds Rudolf Rabiňák.
“We are very excited to be partnering with Raiffeisenbank in the Czech Republic,” said James G. Kelly, Chief Executive Officer of EVO. “Following our cooperation with Raiffeisen Polbank in Poland, this growing relationship adds another key market in Central Europe to our successful “REVO” alliance with Raiffeisen. The strong presence and expertise of Raiffeisenbank in the Czech market combined with our powerful payment solutions will allow us to offer attractive solutions to existing and future customers of Raiffeisenbank.”