Euronet Worldwide, a leading global financial technology solutions and payments provider, has completed the purchase of the Piraeus Bank Merchant Acquiring (PBMA) business for a consideration of €300 million.

Euronet’s completed purchase of PBMA’s acquiring services and assets includes approximately 205,000 POS terminals at 170,000 merchants throughout Greece as well as the Bank’s online merchant acquiring business.

The in-store acquiring business represents approximately 20% of Greece’s market while PBMA’s online merchant acquiring represents approximately 40% of online and digital transactions in the country.

The acquisition also includes a separately negotiated agreement for a long-term strategic partnership with the Bank for collaborative product distribution, processing and customer referrals.