European Retail Payments Market: New Opportunities to Mergers and Acquisition Transactions

Most of European banks will not be able to allocate funds successfully participating in the SEPA. Some of them have to look for opportunities to reduce the cost in collaboration with other institutions in the execution of the payment or provision of services to carry out transmission of the third pa...

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Bibliographic Details
Published in:Science future of Lithuania 2011-04, Vol.1 (3), p.42-45
Main Author: Novickytė, Lina
Format: Article
Language:English
Subjects:
acquisitions
Acquisitions & mergers
Banking industry
EC single market
Financial services
mergers
payment market
Retailing industry
SEPA
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Summary:Most of European banks will not be able to allocate funds successfully participating in the SEPA. Some of them have to look for opportunities to reduce the cost in collaboration with other institutions in the execution of the payment or provision of services to carry out transmission of the third party. The other part will have to find a merger partner. In future there can be more active participants in the market lead to acquisitions. In order to assess possible changes in the payment market, noted that its participants – service providers – consolidation will be inevitable. The assessment of the Lithuanian bank sector shows that banks with the parent banks that invest and develop the activities of subsidiaries of banks, are likely to remain in the market. However, banks that are not ready to participate and get involved in a single market, will be taken over or disappear.
ISSN:2029-2341
2029-2252
DOI:10.3846/150