| Project Detail |
Up to EUR 25 million senior secured loan provided by the EBRD and a local parallel lender to finance the acquisition of Paypoint Romania by Innova Capital, and thereafter support the companys initiatives to digitalise its consumer payments services.
Project Objectives
Paypoint Romania is a vital and trusted actor in Romania, allowing Romanians to pay their utilities and telecom bills, top-up their mobiles and receive remittances from abroad at the companys collection and sales points. With an extensive network of 19,000 sites across the country, 81% of Romanians live less than 500 metres away from one of the company sites. As Romania is progressively evolving from a cash-based economy to an enhanced use of electronic payment infrastructure (card payments, mobile wallet, etc.), Paypoint Romania accompanies this transition with the launch of new electronic services such as mobile consumer application, automatic vending machines (AVMs) and card-enabled point- of-sale terminals, which provide additional value to consumers and merchants. |
