EVO Payments International (EVO), a leading card payment acquirer and payment service provider operating throughout North America and Europe, announced today that it has entered into an agreement with Liberbank SA to form a long-term strategic alliance to provide payment services to merchants in Spain.
In connection with the alliance, Liberbank will transfer its existing merchant acquiring business in Spain to EVO. EVO will provide a full suite of secure payment processing services for both existing and prospective Liberbank merchants, allowing them access to best-in-class merchant acquiring services, innovations in digital transactions, and state-of-the-art technology. The deal is expected to be completed by the end of the first quarter of 2018.
“We are delighted to partner with Liberbank in Spain,” said James G. Kelly, CEO of EVO Payments International. “This alliance fits perfectly with our strategy to expand our global footprint through partnerships with market-leading financial institutions. We look forward to supporting Liberbank’s overall growth by offering powerful payment solutions to Liberbank’s valued merchants through EVO’s existing UniversalPay business in Spain and our broader European platform.”
“Our goal has always been to offer best-in-class products and services to the markets we serve,” said Jesús Ruano, CFO of Liberbank. “Our partnership with EVO, a leading payment service provider in Europe, will allow us to offer our customers card payment services of the highest quality. This strategic alliance with EVO meets our high expectations. It provides our valued customers with efficient and secure handling of all payment processes, allowing our customers to take advantage of innovative solutions to further grow their businesses.”
About Liberbank SA
Liberbank SA is a Madrid-based commercial bank that specializes in consumer loans and provides various products and services for small business, families and the self-employed in Spain and internationally. It offers a range of services, including personal loans and mortgages; investment funds; securities accounts; savings and investment products; leasing and factoring services; collections and payments services; and various cards and insurance products. Liberbank operates through a chain of retail offices in Asturias, Cantabria, Castile La Mancha and Extremadura. It also manages such brands as Cajastur, Caja Extramadura, Caja Cantabria and CCM.