Global Payments closes Worldpay purchase, issuer sale to FIS
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Global Payments has finalized its $24.3 billion acquisition of Worldpay from FIS, alongside selling its card issuer technology to FIS for $13.5 billion. This strategic move aims to enhance Global Payments' digital-asset capabilities and reduce FIS' reliance on merchant acquiring. The merger is expected to generate $600 million in cost synergies and $200 million in revenue synergies annually. Both companies are focusing on traditional business lines amid rising competition in payment technology, with Global Payments planning to invest over $1 billion yearly in technology initiatives.
Source: American Banker The copyright of this article belongs to the original author/organization.
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