Category: Payments

Acquisition
March 27, 2023 BY Steffy Bogdanova

Equals Group acquires global payments services provider Oonex

Equals stated: Oonex’s ability to issue local IBANs within the Eurozone will significantly expand the addressable market for the Group’s platform and products and fits with Equals’ strategy to enable its customers to ‘Collect globally, deliver locally, control centrally.’ The latest acquisition complements the completion of Roqqett Limited’s acquisition, earlier in January. The terms of…

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Acquisition
February 28, 2023 BY Steffy Bogdanova

PayPoint finalizes acquisition of Appreciate Group

Nick Wiles, Chief Executive Officer of PayPoint, commented: Work on integration is already underway, with an immediate focus on organisational alignment, building on the strong momentum in both businesses and unlocking commercial revenue enhancements. The acquisition is expected to be immediately earnings enhancing in FY24 and the Board believes it will deliver attractive returns for…

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February 21, 2023 BY Steffy Bogdanova

Worldline sees revenue rise of 10.7% in 2022 to €4.36 billion

2022 figures Worldline’s revenue for the full year came in at €4.36 billion, registering a 10.7% rise compared to 2021. Moreover, the number exceeded the expectation of 8 to 10% growth. The payments firm’s operating margin before depreciation and amortization (OMDA) stood at €1.13 billion, accounting for 26% of the revenue. Net income Group share…

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Acquisition
January 09, 2023 BY Steffy Bogdanova

Equals completes acquisition of Roqqett

Under the terms of the deal, Equals had to make an initial £1.0 million cash payment, which as now been paid. This will be followed by three deferred payments one of up to £0.25 million in cash and two of £0.5 million, one in cash and the other in ordinary shares in Equals. According to…

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November 25, 2022 BY Steffy Bogdanova

Swissquote’s Yuh makes eBill available for its clients

Markus Schwab, CEO of Yuh, said: Our community not only wants smooth management of their finances, but also brings along a great climate awareness. That's why eBill was also at the top of our to-do list from the very beginning. We are all the more pleased about the latest addition to the yuhniverse. Earlier in…

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Acquisition
November 07, 2022 BY Steffy Bogdanova

PayPoint acquires Appreciate Group in a £83 million deal

He believes that the acquisition will strengthen PayPoint’s digital payments offering. Wiles added: More specifically, the proposed acquisition would jointly target growth in three broad areas: prepayment saving through Park Christmas Savings to support customers with budgeting tools for Christmas and other events; an enlarged full-service offering for gifting, employee rewards and benefits to Appreciate…

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September 12, 2022 BY Steffy Bogdanova

J.P. Morgan signs an agreement to acquire Renovite Technologies

Additionally, Renovite has a presence in India and the UK and has provided services to J.P. Morgan since 2021. Viren Rana, CEO & founder, Renovite, commented: Renovite’s mission is to provide modernized infrastructure in the cloud with the latest technology, agility and in-depth knowledge of the payments landscape. We are very proud of the team…

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