Payconiq International has been acquired by European Payments Initiative
October 2023 — European Payments Initiative (EPI) has acquired the Luxembourg technology provider Payconiq International (PQI) and the Dutch payment solution iDEAL at the same time. The acquisition marked a significant milestone for EPI’s strategy to deliver a unified instant payments scheme and platform in Europe. The completion of these acquisitions further supports EPI’s ambition to become a leading player in the European payments landscape.
PQI is the first European payment company to offer proven, scalable and real-time payment solutions across the entire omnichannel experience. With the latest account-to-account payment technologies, PQI enables banks, merchants and payment solution providers to optimize their customer journey for a frictionless payment flow in an industry where user experience is the differentiator.
EPI is an initiative backed by 16 European banks and financial services companies to progressively build a payment solution tailored for Europe. EPI leverages the instant account-to-account payments infrastructure available in Europe to improve efficiency and remove intermediaries in the payment flow.
The sellers were KBC Bank, Belfius Bank, ING Bank and Rabo Foundational Investments, which are leading commercial and retail banks in Belgium and the Netherlands.
Our role in the transaction
Oaklins’ team in Belgium served as the exclusive M&A advisor to KBC Bank, an integrated bank-insurance group in Belgium and, together with ING Group Investments, as representative M&A advisor to the sellers in the sale of 100% of their shares in Payconiq International.
Erik Luts
CIO, KBC Group
Talk to the deal team
Related deals
itemedical has been acquired by Halma
itemedical, a Netherlands-based provider of digital platforms that integrate real-time patient data and alarms from a wide range of medical devices to support clinical decision-making and workflow efficiency in hospitals, has been acquired by Halma plc, a global group of life-saving technology companies. The acquisition represents a milestone in itemedical’s development and provides a platform for its next phase of growth. By joining Halma’s healthcare sector as a business unit of Halma subsidiary Static Systems Group (SSG), itemedical will strengthen its position as a provider of digital hospital workflow solutions, benefiting from access to a global network of technology businesses, resources to accelerate innovation and opportunities to expand its international footprint.
Learn moreEvoke Creative has been acquired by Steliau Technology
Private equity firm BGF has sold Evoke Creative Ltd., an international provider of interactive digital solutions, to Steliau Technology, a company backed by Astorg Partners. Evoke will continue to operate as an independent brand while benefiting from the wider group’s support to accelerate international expansion, increase product innovation and strengthen its position in key vertical markets.
Learn moreTechnolignes builds an Eastern Canada leader with the acquisition of C3F Telecom
C3F Telecom Inc. has been acquired by Technolignes as part of its strategy to build a leading telecommunications infrastructure platform across Eastern Canada. The transaction brings together two highly complementary businesses, combining C3F’s engineering and network design expertise with Technolignes’ established field construction capabilities and regional presence. Together, the companies are well positioned to deliver end-to-end telecommunications infrastructure solutions to telecom operators, municipalities and public sector clients across a broader geographic footprint.
Learn more