GreenBox acquires Bulgarian electronic money firm Transact Europe

US financial technology company GreenBox POS agreed to acquire Bulgarian regulated electronic money institution Transact Europe Holdings for EUR 30 million in cash.

The Sofia-headquartered company Transact Europe provides complete payment by offering acquiring, payment and prepaid services, serving hundreds of clients. It is a principal level member of Visa, a worldwide member of MasterCard and a principal member of China UnionPay.

“Our licences and infrastructure combined with GreenBox’s suite of solutions, global strategy and technology platform will create a power synergy that can quickly scale in the European market,” said Vassil Klaklov, CEO Transact Europe.