Payconiq International has been acquired by European Payments Initiative
European Payments Initiative (EPI) has acquired the Luxembourg technology provider Payconiq International (PQI) and the Dutch payment solution iDEAL at the same time. The acquisition marked a significant milestone for EPI’s strategy to deliver a unified instant payments scheme and platform in Europe. The completion of these acquisitions further supports EPI’s ambition to become a leading player in the European payments landscape.
PQI is the first European payment company to offer proven, scalable and real-time payment solutions across the entire omnichannel experience. With the latest account-to-account payment technologies, PQI enables banks, merchants and payment solution providers to optimize their customer journey for a frictionless payment flow in an industry where user experience is the differentiator.
EPI is an initiative backed by 16 European banks and financial services companies to progressively build a payment solution tailored for Europe. EPI leverages the instant account-to-account payments infrastructure available in Europe to improve efficiency and remove intermediaries in the payment flow.
The sellers were KBC Bank, Belfius Bank, ING Bank and Rabo Foundational Investments, which are leading commercial and retail banks in Belgium and the Netherlands.
Oaklins’ team in Belgium served as the exclusive M&A advisor to KBC Bank, an integrated bank-insurance group in Belgium and, together with ING Group Investments, as representative M&A advisor to the sellers in the sale of 100% of their shares in Payconiq International.
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Erik Luts
CIO, KBC Group
Talk to the deal team
Nicholas Matthyssens
Oaklins KBC Securities
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