DDM signs agreement for acquisition in Switzerland
DDM Holding AG (First North Growth Market: DDM) announces that it has entered into an agreement to acquire 100% of the share capital of Swiss Bankers Prepaid Services AG (“Swiss Bankers”). Swiss Bankers is the Swiss market leader in prepaid cards and provides innovative, credit-based payment products and offers solutions in cashless, globally secure payment transactions. As of 31 December 2020, Swiss Bankers, which holds a banking licence, had total assets of approximately CHF 450m. This transaction follows DDM’s strategy to act as an investor and partner for financial institutions in