Spain's largest bank, CaixaBank, has entered a payments joint venture with Global Payments and the Erste Group Bank for transactions in Czech Republic, Slovakia and Romania.

Global Payments and CaixaBank will pay €30 million in cash to acquire a 51% majority ownership in the venture, the companies said in a July 27 announcement, while the Erste Group will contribute its existing merchant acquiring businesses in each of the three countries and will hold a 49% interest in the venture.

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