Popular completed the acquisition of the key customer channels businesses of Evertec for $197m.

Popular, a bank holding company, completed the acquisition of the key customer channels businesses of Evertec, a financial services company, for $197m. “This transaction allows Popular to accelerate its ongoing digital transformation and continue improving our clients’ experience. With the ability to manage our key customer channels and greater flexibility to choose the best technology partners, we will be able to more quickly enhance the services that we offer through our digital platforms, as well as the sales and account maintenance processes we offer through all our channels. We aspire to provide an omnichannel experience that meets all of our clients’ needs and expectations,” Ignacio Alvarez, Popular President and CEO.