In December 2012, EVO Payments International and Grupo Banco Popular agreed to create Popular Payments, a newly formed entity owned by EVO which manages the Bank’s merchant acquiring business. In conjunction with the transaction, EVO and Grupo Banco Popular established a long-term relationship under which the Bank exclusively refers its merchant customers in Spain to Popular Payments for all card acquiring services.

Grupo Banco Popular is among the largest and most well-capitalized banks in Spain with more than 2,200 branch locations. The Bank’s merchant acquiring business includes over 100,000 merchant customers, including many of Spain’s largest and most well-known companies.