EVO Payments completed the acquisition of a 51% stake in the merchant acquiring business of National Bank of Greece.

EVO Payments, a global provider of payment technology integrations and acquiring solutions, completed the acquisition of a 51% stake in the merchant acquiring business of National Bank of Greece, a global banking and financial services company, for $180m. National Bank of Greece spinned off the unit, and EVO Payments acquired the stake in a separate entity. “The establishment of our relationship with EVO is a great step forward for the National Bank of Greece as it seeks to capitalize on the attractive payments opportunity in the market. We are equally pleased to form this alliance and leverage EVO’s proven payments expertise as we enhance our merchant acquiring products and services and increase the value of the business," Paul Mylonas, NBG CEO.