Commerz Globalpay: Empowering German SMEs with Global Payments

TLDR: Global Payments has partnered with Commerzbank to create a joint venture called Commerz Globalpay, which will offer digital payment options for German SMEs. The venture will provide German SMEs, particularly existing Commerzbank customers, with new payments capabilities, including smartphone applications for mobile payments, modern card terminals, and value-added services such as POS software and customer engagement platforms. The partnership aims to deliver omnichannel experiences and expand digital offerings for merchants, while still providing traditional POS systems. The CEO of Global Payments, Cameron Bready, states that the joint venture enhances their presence in Germany and provides opportunities to digitize the payment experience.