DNA Payments Group acquires Active Merchant Services
Integrated payments company, DNA Payments Group, has acquired UK-based Active Merchant Services.
The deal is DNA’s third in 14 months
The deal brings DNA’s customer base up to around 30,000 merchants and 57,000 terminals in Europe. The firm believes it will reach processing volumes of more than £5.5 billion per year.
This transaction is DNA’s third acquisition in the last 14 months. It plans further expansion into “different segments of payments value chain” later this year.
“In late 2019, DNA acquired the CR7 Group of companies and turned it into profitability in six months,” says Nurlan Zhagiparov, DNA director.
“The year of 2020 was truly transformative for the group as we added acquiring services, e-commerce propositions, Pay by Link, Pay by Bank and many other payment methods.”
DNA owns the UK’s largest independent omnichannel gateway, Optomany, which services large corporates and medium size businesses.
It also operates 123 Send Limited, which provide services to small and medium business customers.
The firm says it is “committed to build a transparent business model”. It wants users to track their money at each stage, processed through the use of “fast and efficient technology”.
Related: QR Codes: will COVID-19 be the great global equaliser?
