Completion of PayPro S.A. and eCard S.A. Consolidation
The consolidation of PayPro S.A. and eCard S.A. has been completed – as of 27 December 2024, all transaction processing is carried out by PayPro S.A. The final stage saw the completion of the legal process of merging both entities.
The integration of PayPro S.A. and eCard S.A. began earlier within the P24 Dotcard capital group. On 7 November 2024, a merger plan was agreed upon and prepared, covering formal issues related to the consolidation process. Since then, work has been ongoing to finalise the merger. The aim of the integration was to simplify company management and reduce operational costs. On 10th December 2024, the General Meetings of PayPro S.A. and eCard S.A. adopted resolutions on the merger of the companies.
The merger was carried out by transferring all assets of eCard S.A. to PayPro S.A. as the acquiring company. As a result of the merger, P24 Dotcard Sp. z o.o. (Ltd.) became the sole direct shareholder of the combined entity. "This merger will allow us to use the resources and competencies of both companies more effectively, which will translate into an even better offer for our customers"
adds Jacek Kinecki, CEO of PayPro S.A.
PayPro S.A. reminds its business partners of the need to update information about the payment operator on their websites and in all materials directed to consumers.
"This merger enables simplification across multiple financial processes and further automation of merchant settlements"
- adds Michał Hull, Board Member and Chief Financial Officer of both companies.
PayPro S.A., operating under the Przelewy24 brand, is a leading Polish payment service provider for the e-commerce industry, offering partners comprehensive payment solutions tailored to the most demanding businesses. As a national payment institution, PayPro S.A. already serves over 330,000 partners.
Currently, PayPro S.A. employs over 250 specialists in offices in Poznań and Warsaw. As part of the European payment service provider Nexi Group, PayPro caters to the needs of Polish and foreign e-commerce customers operating in the cross-border market.
