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NEWS: Commerzbank partners with Global Payments to serve small merchants

A logo of the bank is seen next to the headquarters of Commerzbank one day ahead of the bank's rejoinment to Germany's share price index DAX in Frankfurt, Germany, February 26, 2023. REUTERS/Kai Pfaffenbach

By Tristan Veyet and Valentina Za

German lender Commerzbank and Global Payments on Thursday said they were setting up a joint venture controlled by the U.S. payments firm to serve small retailers in the euro zone’s biggest economy.

Atlanta-based Global Payments already partners with Spain’s CaixaBank and Austria’s Erste Group Bank in Europe.

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