The Global Payments Payment Processing Company is buying rival based in Cincinnati WorldPay for more than $ 22 billion to expand its global footprint.
The movement reinforces the financial technology company, which allows around 94 billion transactions and $ 3.7 billion in payment volumes in more than 175 countries.
Payment processing companies, which include Visa and MasterCard of family names, facilitate financial transactions between clients, companies and banks. The demand for the consumer and the electronic banks and banks business has fed growth within the sector.
Global Payments, based in Atlanta, is paying $ 22.7 billion in cash and shares in a three -way agreement that involves the GTCr private capital firm and the FIS FINANCIAL TECHNOLOGY COMPANY.
Global Payments will sell its unit of issuing solutions to FIS as part of the agreement. GTCR will have a 15% participation in global payments after the agreement.
Global Payments said he hopes to win $ 2.69 per share for his first quarter, coinciding with the Wall Street forecasts.
