News

Global Payments to buy processor in Sarajevo

September 13, 2006

PRAGUE, Czechoslovakia - Global Payments Inc., provider of payment-processing services, announced plans to acquire Diginet d.o.o., an indirect payment processor for point-of-sale and ATM transactions. The processor has a presence Sarajevo, Bosnia and Herzegovina.

"As the only independent, indirect payment processor in Bosnia and Herzegovina, partnering with Global Payments Europe will allow us to offer a broader array of services to our existing customers, as well as generate new business opportunities utilizing a leading-edge payment processing platform," said Diginet president and chief executive Mustafa Bektic.

According to a news release, Global Payments expects to close the deal during the fourth quarter. Diginet will join Global Payments Europe and serve as its Balkan region headquarters.

"Through this acquisition, we will continue to serve leading financial institutions in Bosnia and Herzegovina and look to expand our presence throughout the Balkans," said Petr Sedlacek, Global Payments Europe's CEO.