23 August 2017
Find out more

Deutsche Telekom buys ClickandBuy

25 March 2010  |  8776 views  |  0 add to basket

Deutsche Telekom has agreed a deal to buy Internet payment service provider ClickandBuy. Financial terms were not disclosed.

The German telco has held a stake in ClickandBuy through its venture capital company T-Venture since 2006 and currently owns 20.2% of its shares.

Having received approval from supervisory bodies and the UK's FSA, the e-money firm will now become a wholly owned subsidiary of Deutsche Telekom.

Founded in 1999 in Cologne, ClickandBuy is now based in London. The firm's online payment technology is used by over 16000 e-merchants in more than 120 currencies worldwide.

Charles Fraenkl, CEO, ClickandBuy, says: "ClickandBuy is in an exceptionally good position and is very happy about the huge advantages this synergy contains regarding the realisation of its global strategic goals which will be made possible through the involvement of Deutsche Telekom."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ClickandBuy launches P2P payments app for facebook users

ClickandBuy launches P2P payments app for facebook users

18 January 2010  |  9626 views  |  0 comments
WestLB and ClickandBuy team for Sepa direct debit pilot

WestLB and ClickandBuy team for Sepa direct debit pilot

12 March 2007  |  6215 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.vasco.comvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
15575 views comments | 39 tweets | 74 linkedin
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
13068 views comments | 28 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11712 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10906 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10800 views comments | 10 tweets | 8 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job