Card Complete: What awaits credit card holders after the change of ownership? 💳
Introduction
The Austrian credit card market is about to change! 🏦 UniCredit Bank Austria and Raiffeisen Bank International (RBI) have announced the sale of their stakes in Card Complete, one of the leaders in the sector. What does this mean for regular credit card users? Don't panic! 😌 Let's find out how the change of ownership will affect your cards and what interesting things await you in the future.
Who bought Card Complete and why?
So, who is the new owner? 🕵️♀️ Austrian investment company EAVISTA, owned by international investor Arif Babayev, acquired 75.1% shares of Card Complete. This means that the controlling stake is now in their hands.💰
Why does EAVISTA need this? 🤷♀️ The company sees great potential in the development of Card Complete as an independent payment service provider, especially in German-speaking countries. They plan to actively expand their activities and implement new technologies.
What will happen to my Card Complete cards?
The main question that worries all cardholders: what will happen to my money now? 😨 Don't worry! Your Card Complete cards will remain valid until the end of the year. ✅ You will be able to continue using them as usual, making purchases and withdrawing cash.
However, there are changes in the future. 🔄 UniCredit Bank Austria and RBI plan to offer credit cards to their customers independently, without the participation of Card Complete. This means that you will be offered to switch to new banking products.
Transition to new offers: what do you need to know? 📑
When the time comes, banks will contact you and offer new credit card options. 📄 Study the terms carefully! If you are satisfied with the new offer, the transition will be automatic. 👍
What will you get in return? 🎉 New features and capabilities! For example:
- Integration into banking applications 📱
- Convenient mobile payments via Google Pay and Apple Pay 📲
- Opportunity to participate in loyalty programs and receive bonuses 🎁
Card Complete: A major player in the market 🇦🇹
Even after the change of ownership, Card Complete remains a significant player in the Austrian credit card market. The company serves:
- 30,000 business clients 🏢
- 1 million cardholders 👩👩👧👦
- Annual transaction volume of around 10 billion euros 💸
Card Complete offers a wide range of cards: Visa, MasterCard and Diners Club. 💳
Future plans: what to expect from EAVISTA? 🚀
The new owner, EAVISTA, is full of ambitions! 🌠 They plan to:
- Expanding activities in German-speaking countries 🇩🇪🇨🇭
- Invest in new technologies and innovations 💡
- Improve customer service quality 🤝
Deal: When to expect completion? ⏳
The Card Complete deal is not yet finalized. 🛑 It is subject to regulatory approval and is expected to be completed this year. 📅
Conclusion and findings
The sale of shares in Card Complete is an important step for the Austrian credit card market. On the one hand, banks will be able to interact directly with their customers and offer them more favorable conditions. On the other hand, Card Complete, under the management of EAVISTA, will be able to develop as an independent player and implement new technologies.
Don't be afraid of change! 😉 Follow the news from your banks closely and choose the offers that best suit your needs.
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