Polskie ePłatności completed the acquisition of a majority stake in Team4U.

Polskie ePłatności, a provider of cashless payment services, completed the acquisition of a majority stake in Team4U, an owner of the mobile application for retail known as Simapka. Financial terms were not disclosed. “Simapka’s enry into the PeP Group will enable us to provide our clients with the most modern technologies and an even wider range of services on the Android terminal, which will allow for the diversification of their sources of income. The acquisition of Simapka is a strong signal of the direction of PeP’s development. We will focus on comprehensive solutions based on added services tailored to the needs of customers. We want to build an ecosystem in which payment will be only one of many elements”, Monika Gaszewska, Polskie ePłatności Vice President M&A.