Dutch firm PaySquare mergers with German’s montrada

Dutch company PaySquare BV announced that it will merge with German’s montrada GmbH to form a new combined company called PaySquare SE.

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PaySquare and montrada, which are subsidiaries of Equens SE, facilitate credit and debit cards payments acceptance and transaction processing, according to a statement.

The new company, PaySquare SE, will be headquartered in Utrecht, the Netherlands. It will have additional local branches in Frankfurt, Germany, and Warsaw, Poland.

PaySquare SE processes a total sum of more than €14.3 billion in credit and debit transactions per annum for 120,000 clients across nine European countries. The company will process 262 million transactions a year and support more than 80,000 terminals, according to a company’s news release.

The merger is effective as of January 1, 2014.