Barclays (BARC.L) has acquired MBNA Europe Bank's small business credit card portfolio, worth approximately £130 million in outstanding balances.

The portfolio of 60,000 customers is set to be integrated into its payment division at Barclaycard.

Valerie Soranno Keating, chief executive of Barclaycard, said, 'Following on from our recently announced intention to purchase the Egg credit card assets, this deal further reflects the growing diversification of our payments business and is priced at a small discount to outstanding balances.'

According to Barclays, Barclaycard managed around £200 billion in payments last year from more than 20 million consumers and 240,000 business customers.

The Egg credit card asset deal was announced in March and is expected to complete later this year.