The Payments Group Holding Advances Acquisition Efforts

The Payments Group Holding (PGH), based in Frankfurt, is progressing towards finalizing its acquisition of The Payments Group (TPG). Meetings in Malta have paved the way for strategic alignment and interactions with potential investors. TPG and PGH target a swift closure.

PGH aims to enhance open banking with real-time cross-border payment capabilities, including cryptocurrency processing. A demonstration in Malta showcased TPG's technology with Monerium EUR stablecoins in Vietnam.

TPG addresses the use of stablecoins for value-stable transactions and is exploring the issuance of its own stablecoin. PGH continues its feasibility study in this context.