Global Payments and Worldpay provide complementary payments, software and commerce enablement solutions to merchants and partners. With the newly combined and reorganized business, Global Payments expects to scale up to serve more than 6m customers, processing 94b transactions and $3.7t in volume across more than 175 countries.
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Global Payments to acquire Worldpay for $24.25b, divest issuer solutions unit
Global Payments Chief Executive Cameron Bready said the acquisition of Worldpay and divestiture of Issuer Solutions further sharpens its strategic focus and simplify Global Payments as a pure play merchant solutions business. He said the new business will have significantly expanded capabilities, extensive scale, greater market access and an enhanced financial profile.
