Airplus International has signed an agreement to acquire Belgium-based corporate card issuer BCC Corporate (BCCC).
The transaction forms part of Airplus’ growth strategy in Europe based on virtual and mobile payment solutions.
The deal is expected to be completed by Q2 this year.
Following the transaction, BCCC’s customers will have access to Airplus’ complete business travel payment solution. This includes: credit cards, central billing, travel insurance, virtual payment solutions, reporting tools and global servicing capability.
“Our industry is remodelling quickly in response to the recent legislation on interchange fees,” said Patrick W. Diemer, chairman of the board of Airplus International.
“The current patchwork of local rules and solutions is too complex: there is clearly a need for a global solution with standardized products and processes. Therefore, this agreement is particularly timely for our customers: it is the best way to help them conduct business efficiently all over Europe, by offering a comprehensive solution and a clear pricing model.”