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UTP Group: Purchases Wellet’s business in Spain

UTP Group: Purchases Wellet’s business in Spain

  • UTP Group has agreed to acquire the Spanish customer base of German company Wellet GmbH
  • Wellet is a card payment app that was launched in Germany and Spain in April 2021
  • The acquisition of Wellet’s Spanish customer portfolio will accelerate Group’s expansion in the region
  • Wellet customers in Spain will be migrated to tapeeno in the coming weeks
  • The acquisition will enable Spanish customers to benefit from tapeeno’s Faster Processing technology
  • Wellet customers in Spain will be contacted in the coming days with further information
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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