EVO has acquired a controlling stake in Banco Popular’s merchant payments service, according to a November 4 press release.
Popular Payments, the new name for the service, is part of a larger agreement which includes a 10-year marketing alliance.
“This arrangement is in line with our strategic objective of establishing long-term alliances with premier global companies, and we look forward to leveraging EVO’s expertise and economies of scale,” José Ramón Alonso, Banco Popular’s general manager, said in a November 4 statement.
To learn more about how this move fits into EVO’s larger strategy, read the full press release here.
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