By Sarah Left, 7 March 2000 18:59
NEWS A global Internet banking merger worth almost £1.5bn is underway, with Paris-based online bank, first-e, and a new Spanish venture, uno-e, agreeing to combine forces. The merged operation will be called Unofirst, with headquarters in Madrid and Dublin. The companies will continue to operate under the names first-e and uno-e, with the former concentrating on northern Europe and the United States, while its Spanish counterpart focuses on southern Europe and South America. first-e currently operates in UK and has a pilot project in Germany. uno-e has a pilot running in Spain. Expansion into Brazil, France, Germany, Italy, and Portugal is expected by the end of the year, with Argentina, Chile and Mexico to follow soon after. Unofirst hopes to expand into Asia as well by the beginning of next year.
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