Under the conditions of a Single European Market, the economic integration processes are more intense than ever. The financial intermediation is one of the fields where the dynamic of integration processes is very strong and the competition is growing rapidly. The building up of the Single European Payment Area (SEPA) gives additional push to those processes in the field of payment services. As a result in the area of payment infrastructure we can clearly see the tendency for consolidation and expansion of different cooperation forms. In those conditions, the shareholders of both BORICA JSC and Bankservice JSC decided to merge the two companies. As a result, a new company will operate on the payment market: BORICA – BANKSERVICE JSC. The newly created company is a legal inherit of the merging BORICA JSC and Bankservice JSC.

The identified benefits of this merge could be found in the following basic directions:

• Integration of the development of the payment infrastructure;
• Higher competitive power for the offered services;
• Better financial position and investment capacity;
• Effective coverage for the reliability and the security of the payment system;
• Achievement of operative synergies; better protection for the shareholders’ investment, adequate reaction to the payment market consolidation processes.

Information about the activities and the services that BORICA – BANKSERVICE offers could be found on the following web addresses: