01 10/2018 13:30

News

Nicola Cordone, Deputy CEO SIA: “A key acquisition to become the leading European independent digital payments provider”

Statement by Nicola Cordone, Deputy CEO SIADownload (PDF 144.07 KB)

Milan, 1 October 2018 - “We’re particularly delighted and proud to have successfully completed the acquisition of First Data’s card processing businesses in Central and Southeastern Europe making us the number one player in the region.

The acquisition will increase SIA’s revenues, on a 2017 pro-forma basis, by around 18% with a significant surge in income from abroad, which will rise from 20% to 33% of the total, now reaching about €670 million.

This represents a significant step in our strategy to become the leading European independent digital payments provider”.

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