Goltsblat BLP has advised Alfa-Bank on the acquisition of a portfolio of shares in Pay-Me, a mobile acquiring services company. As a result, the bank has obtained a full block of shares from the previous project investors.
According to Goltsblat BLP, "the aim of the cooperation is a new product range for a business to implement trade receivables of goods and services: the Alfa-Kassa POS-kit, the Pay-Me mobile acquiring services, and equipment installation, maintenance, and customization services. Moreover, investments will be focused on the company’s development and strengthening its position in the Russian, Kazakh, and other CIS countries’ markets."
The Pay-Me mobile acquiring service allows the use of the VISA, MasterCard, and MIR payment cards for payment through the mPOS terminal and the iOS, Android, and Windows mobile applications.
The Goltsblat BLP team was led by Partner Anton Panchenkov and included Senior Associate Dmitry Antipin, Associate Dmitry Sheludyaev, and Junior Associate Ragima Rashkueva.