In today’s EMEA Daily News, Airtel Africa introduces SmartCash Payment Service Bank, its newest subsidiary. GoCardless announces the acquisition of Nordigen and the expansion of its open banking services, and Dutch payment processor Mollie and xentral announce a new partnership.
Airtel Africa launches SmartCash Payment Services Bank
Airtel Africa on Friday (July 1) announced the launch of its new subsidiary, SmartCash Payment Service Bank.
SmartCash will operate as a wholly owned subsidiary of Airtel and will provide financial services across Nigeria. Services include accepting deposits from individuals and small businesses, conducting payment and remittance services within Nigeria, and issuing debit and prepaid cards.
GoCardless acquires Nordigen to offer open banking capabilities
Digital payment solution GoCardless will acquire Nordigen, an open banking data provider. Through the merger, the companies combine the two pillars of open banking: GoCardless account-to-account payments and Nordigen account access.
The deal, announced on Friday, is expected to close over the course of the summer. Financial details of the acquisition were not disclosed. By integrating Nordigen technology into its platform, GoCardless intends to strengthen its internal open banking connectivity.
The move will help the company expand coverage and add new payment methods.
The security company G+D buys Payment, ID Business from Valid
Security technology provider Giesecke+Devrient (G+D) has acquired the Valid USA payment and identity solutions business. The acquisition includes three manufacturing facilities in the United States
When the transaction closes later this year, G+D will integrate Valid’s businesses into its own. G+D takes over local payment card production, while subsidiary Veridos, which offers integrated identity solutions, is expanding the driver’s license card business.
Mollie and xentral announce collaboration
The services of Dutch payment service provider Mollie will be integrated xentral into the offerings of German provider of enterprise resource planning platforms as part of a collaboration that started on Friday and is effective immediately, the companies announced.
A press release said the agreement aims to offer “frictionless” payment and order management services to small and medium-sized e-commerce businesses.