AIB and First Data: Acquired Ireland’s Payzone

AIB and First Data: Acquired Ireland's Payzone

AIB and First Data: Joint venture, acquired Ireland’s largest consumer payments network Payzone

  • The joint venture will be 75pc owned by AIB and 25pc owned by First Data
  • Remaining 4.1pc stake in the company owned by the Payzone management team
  • The deal values Payzone at an enterprise value of €100m
  • Payzone, the largest consumer payments network with more than 300k registered users
  • They process 125m transactions annually for more than 100 client companies
  • The Acquisition allows AIB to continue to evolve and enhance its customer offering and services