TL;DR
- Global Payments acquires Worldpay in a landmark deal.
- The company also announces plans to divest Issuer Solutions.
- This move is expected to reshape the international payments industry.
Global Payments Takes Over Worldpay
In a recent announcement, Global Payments Inc. revealed its ambitious move to acquire Worldpay. The deal is a significant development for the company and is bound to reshape the international payments landscape.
Global Payments’ management confirmed the news, stating ‘the acquisition of Worldpay represents a considerable growth opportunity for us’. With millions of customers worldwide, Worldpay’s extensive reach will significantly boost Global Payments’ operations.
Divestiture of Issuer Solutions
Apart from the Worldpay acquisition, Global Payments also announced plans to divest its Issuer Solutions. The decision is said to streamline the company’s focus on its primary objectives.
Impact on the Payments Landscape
The acquisition isn’t just big news for both companies, but it’s poised to redraw the map of the global payments industry. The enlarged entity will be better positioned to compete on a global scale. The enhancement in capabilities and scale will create a powerhouse in the realm of international payments. For more details, read the original announcement on Business Wire.
Final Thoughts
This acquisition marks a new chapter for both Global Payments and Worldpay. As the ripplesfrom this deal broaden, all eyes will be on these firms, watching to see how this landmark deal impacts the international payments landscape.
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