DNA Payments Announces Acquisition of Active Merchant Services
DNA Payments Group (DNA) has acquired Active Merchant Services that takes the client base of DNA to c. 30,000 merchants and 57,000 terminals in the United Kingdom and EU.
FREMONT, CA: A fast-growing vertically integrated payments firm, DNA Payments Group (DNA), has acquired Active Merchant Services (also known as Active Payments), an independent distribution agency based in the UK with more than 2,500 merchants. This acquisition takes the client base of DNA to c. 30,000 merchants and 57,000 terminals in the United Kingdom and EU, with actual transaction processing volumes of more than £ 5.5 billion per annum. The deal marks DNA's third acquisition over the last 14 months as it plans to grow further in its major markets, with more additions expected for this year in different payment value chain categories.
Nurlan Zhagiparov, director of DNA Payments, added, "We are welcoming Active Payments to DNA's group. In late 2019, DNA acquired the CR7 Group of companies and turned it into profitability in 6 months. Despite the global COVID-19 pandemic, the year of 2020 was truly transformative for the group as we added acquiring services, industry leading e-comm proposition, Pay by Link, Pay by Bank and many other payment methods which help our customers to operate even during lockdowns. DNA Payments Group's estate have organically grown by more than 50% in 2020. We are tier agnostic and serve our SME customers through one of the UK's oldest Independent Sales Organisations - 123 Send. Now, Active Payments' customers will have access to our amazing service propositions and product set, we look forward to the great future in 2021 and beyond".
In London and Manchester, DWF offered DNA Payments with legal transactional support for the purchase, and EY provided support for the deal's financial and tax aspects.
DNA Payments Limited is one of the few independent payment firms in the UK and the EU that are entirely vertically integrated. DNA Payments Group holds the most extensive independent omnichannel gateway in the United Kingdom, Optomany, serving large corporations and medium-sized companies. 123 Send Limited is also part of the DNA Payments program that offers SME customer services. They are also one of the leading suppliers to global acquirers and banks of PaaS and SaaS services.
DNA Payments is focused on developing a transparent business model such that, as it is managed using fast and efficient technology, clients can easily monitor their money at each point. Under the Payment Services Regulations 2017, DNA Payments Limited is approved and supervised by the Financial Conduct Authority for the provision of payment services.