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Daimler Financial Services acquires PayCash Europe

Monday 23 January 2017 | 15:05 CET | News
Daimler Financial Services is acquiring the electronic payment services provider PayCash Europe. This will enable Daimler to launch its own electronic payment services provider under the 'Mercedes pay' brand name. PayCash Europe is a financial institution that is regulated by the Luxembourg banking authority with a licence for electronic cash. The e-payment company, which was founded in 2012, also offers products for cryptocurrencies, such as Bitcoin and eWallet systems, in addition to mobile payment services.

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Categories: Mobile & Wireless
Countries: Europe
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