Euronet and CrediaBank have announced a major strategic agreement that will significantly expand digital payments and merchant services in Greece. Under the deal, Euronet will acquire CrediaBank’s merchant acquiring business, while also providing a broad range of financial services to the bank and jointly launching a new consumer digital wallet.
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The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals and standard closing conditions.
By combining CrediaBank’s merchant portfolio with Euronet’s existing acquiring operations in Greece, the partnership will create one of the country’s largest merchant acquiring platforms. Once completed, the combined business is expected to process more than $22 billion in transactions annually and serve over 240,000 merchants nationwide.
The collaboration brings together Euronet’s global payments technology and international scale with CrediaBank’s extensive branch network across Greece. This combination is designed to enhance service quality, broaden product offerings, and ensure uninterrupted, country-wide support for merchants while introducing new digital services to bank customers.
As part of the agreement, Euronet and CrediaBank also plan to launch an account-to-account digital wallet built on Euronet’s wallet platform. The wallet will integrate IRIS, Greece’s national instant payment system, enabling fast, cardless transactions while incorporating loyalty and value-added services. The initiative aligns with Europe’s growing shift toward instant, account-based payments.
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Beyond merchant acquiring and wallet services, Euronet will also provide CrediaBank with card issuing services for credit, debit, and prepaid products. In addition, Euronet will fully manage CrediaBank’s in-branch and off-site ATMs, extending an existing ATM partnership and enabling access to Euronet’s proprietary payment technologies, including alternative payments, online acquiring, and tokenized transactions.
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“After more than 25 years in the Greek market, this partnership marks an important milestone for Euronet,” said Nikos Fountas, EVP and CEO of EFT EMEA and Americas at Euronet. “By combining our technology with CrediaBank’s reach, we are expanding our footprint and accelerating the introduction of innovative digital payment solutions in Greece.”
CrediaBank CEO Eleni Vrettou added that the collaboration is expected to improve operational efficiency, reduce costs, and enhance profitability, while enabling the bank to deliver more innovative and seamless services to its customers.
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