# Nets acquires Polish online payment service providers Dotpay/eCard from MCI Capital Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-06-20 Category: FINANCE Category URL: https://financedigest.com/category/finance Meta Title: Nets Expands into Poland with EUR 73 Million Acquisition Meta Description: Nets strengthens European presence with the acquisition of Dotpay/eCard, leading online payment service providers in Poland. Accessing high growth in digital URL: https://financedigest.com/nets-acquires-polish-online-payment-service-providers-dotpay-ecard-from-mci-capitalhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd200618-4-1736840310465-compressed.jpg) - Nets expands into Poland through a EUR 73 million acquisition of the Polish online payment service providers Dotpay/eCard. - With this acquisition Nets further strengthens the Group’s European presence and gains access to the sixth largest country in EU with high growth in digital payments. - Dotpay/eCard’s customers will benefit from a broader portfolio of state-of-the-art eCommerce solutions. > **Ballerup, Denmark, and Warsaw/Cracow, Poland-** Nets, a market leader in the payments industry, today announced the acquisition of Dotpay/eCard, which are amongst the [leading online payment service providers](https://www.financedigest.com/whats-in-store-for-2016-leading-online-trading-services-provider-easy-forex-reveals-predictions-for-the-new-year.html "WHAT’S IN STORE FOR 2016? LEADING ONLINE TRADING SERVICES PROVIDER EASY-FOREX REVEALS PREDICTIONS FOR THE NEW YEAR") in Poland. Andrzej Budzik will continue as [CEO of Dotpay/eCard and report directly](https://www.financedigest.com/hsbcs-direction-in-question-after-elhederys-sprint-to-ceo-contender.html "HSBC’s direction in question after Elhedery’s sprint to CEO contender") to Asger Hattel, Head of Merchant Services in Nets, and the brands of Dotpay and eCard will remain. With this acquisition Nets [gains access to the sixth largest country in the EU by inhabitants with a growing economy](https://www.financedigest.com/stocks-dollar-gain-on-resilient-u-s-economy.html "Stocks, dollar gain on resilient U.S. economy"), solid growth in eCommerce volumes and high growth potential through cash to digital payments conversion, well supported by governmental cashless initiatives. CEO of Nets, Bo Nilsson, said: “With this acquisition we extend our geographic presence in Europe, especially within the high growth merchant [services area](https://www.financedigest.com/three-areas-of-focus-for-financial-service-cisos-in-2022.html "Three areas of focus for Financial Service CISOs in 2022"), as we now get better access to pursuing opportunities in Poland. Dotpay/eCard have performed very strongly in recent years achieving solid volume and [revenue growth](https://www.financedigest.com/blood-bag-tube-sealer-market-to-witness-excellent-revenue-growth-overview-emerging-trends-and-forecast-by-2028.html "Blood Bag Tube Sealer Market to Witness Excellent Revenue Growth, Overview, Emerging Trends and Forecast by 2028"). We aim to continue and strengthen this development both through investments in [organic growth](https://www.financedigest.com/organic-milk-powder-market-regional-industry-segmentation-analysis-by-production-consumption-revenue-and-growth-rate-by-2027.html "Organic Milk Powder Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2027") and potentially also via further consolidation.” Nets and Dotpay/eCard have a highly complementary strategic fit. With a comprehensive product suite, primarily within eCommerce, Dotpay/eCard complement Nets very well, and Nets and Dotpay/eCard will benefit from increased industrial scale and synergies through [joint innovation](https://www.financedigest.com/the-bone-and-joint-health-supplements-market-growth-is-to-be-defined-by-innovation-continuously.html "The Bone And Joint Health Supplements Market Growth Is To Be Defined By Innovation Continuously"). CEO of Dotpay/eCard, Andrzej Budzik, commented: “With our offerings in the [eCommerce area we will further strengthen our combined portfolio within merchant](https://www.financedigest.com/why-open-banking-heralds-a-new-era-of-ecommerce-merchant-and-bank-collaboration.html "Why Open Banking Heralds a New Era of eCommerce Merchant and Bank Collaboration") services, and, as part of the Nets Group, we will be able to speed up innovation building on our joint capabilities to the benefit of merchants and consumers.” Dotpay/eCard employ about 100 people and the expected gross revenues for 2018 are [EUR 19 million](https://www.financedigest.com/google-appeals-french-500-million-eur-copyright-fine.html "Google appeals French 500 million eur copyright fine"). Investment Partner of MCI Capital, Łukasz Wierdak, added: “I would like to thank the management and all the employees for their cooperation and the [strong development](https://www.financedigest.com/automated-blinds-and-shades-market-to-observe-strong-development-by-2031.html "Automated Blinds And Shades Market to Observe Strong Development by 2031") of Dotpay/eCard. Another chapter is opening up and judging by the [dynamics in the industry](https://www.financedigest.com/popcorn-containers-market-important-changes-in-industry-dynamics-during-2017-2027.html "Popcorn Containers Market  Important Changes in Industry Dynamics during 2017-2027"), it will certainly be an interesting time characterised by further growth. From MCI’s perspective, we have achieved a great success confirming our expertise within the area of the [digital economy](https://www.financedigest.com/feature-africas-mobile-money-taxes-risk-driving-poor-out-of-digital-economy.html "FEATURE-Africa’s mobile money taxes risk driving poor out of digital economy") and fintech, and equally importantly, we are passing Dotpay/eCard into very good hands.” The acquisition is subject to approval by the relevant Polish authorities. Closing is expected to be in Q4/2018. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---