The Royal Bank of Scotland's German domestic acquiring arm, RBS WorldPay, has sold its merchant point-of-sale portfolio to local outfit easycash. Financial terms of the deal were not disclosed.
The deal, which covers a portfolio of several thousand merchant relationships and includes the transfer of 16 staff, sees easycash enter the credit card acquiring market.
Easycash was able to make the acquisition after MasterCard and Visa recently granted it acquiring licenses.
Commenting on the deal, Siegfried Heimgärtner, CEO, easycash, says: "It enables us to offer the full range of all card-based payment forms with a one stop offering."