Banco Sabadell unit acquires online payments platform PayTPV


The innovation hub of Banco Sabadell, InnoCells has acquired online payments platform PayTPV, to strengthen its position in the Spanish online payment space.

With the deal-the terms of which are not yet disclosed- Sabadell plans to integrate PayTPV’s technology into its platform, to offer merchants a simplified process of making payments across multiple banks and currencies, by a single control panel that combines all the online, telephone, booking system and physical collection channels.

Julio Martínez, executive director, InnoCells, says: “The integration of the advanced solution offered by PayTPV and the proven talent of the team there will strengthen Banco Sabadell’s leadership in digital payments, which is a business line that has a huge growth potential.”


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