on Payments Group Holding (ETR:DE000A1M)
MFSA Approves The Payments Group Holding's Acquisition
The Payments Group Holding (PGH), based in Frankfurt, has received approval from the Malta Financial Services Authority (MFSA) for its acquisition of The Payments Group. This marks a significant step toward PGH's transformation into an operational PayTech company, with expectations of sustainable growth and profitability.
This acquisition includes four FinTech and PayTech companies, notably Calida Financial Ltd., which holds an e-money license from the MFSA. PGH's move fulfills a condition in their agreement to acquire a 75% stake, advancing their strategy in prepaid payment services globally.
PGH was established in 2012 and repositioned in August 2024. Its acquisition strategy, focusing on embedded financial products, positions it as a forthcoming leader in prepaid solutions. PGH also operates in AI innovation through its stake in German AI Projects GmbH.
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