Payzone expansion plans might include Romania, manager says

Irish electronic payment operator Payzone Plc, Europe’s largest branded consumer payments acceptance network, recently said it was mulling over opening a Romanian branch, Reuters announced quoting the company’s executive manager, John Nagle.

The company, providing services in 21 countries, implements and operates payment networks including prepaid mobile telephone top-up, credit and debit card processing, utility and general bill payment, money transfer and stored value solutions, processing more than 540 million transactions per year.

Payzone was created in September following the merger between the Irish company Alphyra and the British card operator Cardpoint. Its shares are listed on the London stock exchange.

Nagle voiced hope Payzone was to get among the top four electronic payment players in the next two years and said the company’s plans were to expand Cardpoint on the European market as the British one is saturated.

The company is poised to invest in Germany, Poland and Romania, he was quoted as saying.