April 25, 2017Blog Posts

BBVA steps up fintech acquisition strategy with purchase of Openpay

Finextra:

BBVA’s ongoing strategy to buy out promising fintech startups has moved ahead with the acquisition of Mexican B2B payments platform Openpay. Currently, Openpay has a network of more than 15,000 payment reception points in Mexico, connected in real time through its Paynet network, and manages more than one million transactions a month. The Openpay platform is used by more than 1000 businesses in Mexico, from startups to SMEs and large corporate clients.

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