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Today: April 03, 2025

Commerzbank enters joint venture with Global Payments

Germany's Commerzbank rejoins German share prize index DAX in Frankfurt
April 26, 2024
Reuters - Reuters

(Reuters) - German lender Commerzbank and U.S. company Global Payments announced on Thursday a joint venture to offer digital payment services to small- and medium-sized business customers across Germany.

The new company, named Commerz Globalpay GmbH, is to start in the first half of 2024, with Commerzbank holding a 49% stake and Global Payments the remaining 51%, the companies said in a statement.

(Reporting by Tristan Veyet in Gdansk, Editing by Rachel More)

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