It was a week of change in the political world, and a week of change as well in Forex Industry News at LeapRate. Financings, restructurings, and even a senior Forex executive facing a trial by jury after losing an appeal on taking source code and trade secrets from one company to another. And as usual,…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that payments services company Paysafe Group Plc (LON:PAYS) has spent more than £8 million buying back its own shares in the open market during the first three weeks of its £100 million share buyback program announced late last year. Paysafe shares traded down by as much as 38%…
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Payments services company Paysafe Group Plc (LON:PAYS) issued a fairly rosy Trading Update ahead of the release of full 2016 year results. Paysafe’s brand portfolio includes NETELLER and Skrill, MeritCard, paysafecard, payolution, Income Access and FANS Entertainment. Overall, Paysafe expects to surpass the $1 billion annual revenue milestone for FY 2016, with FY revenue and EBITDA expected…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that payments services company Paysafe Group Plc (LON:PAYS) has spent £1.5 million in the first week of its recently announced £100 million share buyback program. Paysafe shares traded down by as much as 38% earlier this month following the release of a damaging report by little-known short…
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Payments services company Paysafe Group plc (LON:PAYS) today announced that it intends to commence an inaugural share buyback programme of up to £100 million. The Paysafe buyback comes to counteract a large drop in Paysafe's share price, following a negative report issued by short seller Spotlight Research on the company's connection to illegal gaming out…
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Forex Industry News at LeapRate this week had a very China feel to it, including new China partnerships (eToro), Baidu reversing its China ad ban for selected Forex brokers (a LeapRate Exclusive report), and Neteller and Skrill operator Paysafe Group Plc (LON:PAYS) losing 38% of its value because of perceived China problems. We covered new…
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LeapRate Exclusive... LeapRate has learned that the reason for payments services company Paysafe Group Plc (LON:PAYS) seeing a wild ride in its shares today is a report issued by short selling specialist firm Spotlight Research on the company and its exposure to illegal online gambling business out of China. PaySafe shares traded down by as much…
Read moreDigital payment solutions provider Paysafe Group Plc (LSE:PAYS), which operates the NETELLER and Skrill online payment brands, has announced that it is acquiring Montreal, Canada based affiliate technology provider Income Access Group. Paysafe will be paying cash consideration of CAD $40 million (approximately USD $30 million), part of which is deferred over an 18 month period.…
Read moreDigital payment solutions provider Paysafe Group Plc (LSE:PAYS) has reported that it is currently experiencing a data display issue within its Affiliate reporting feature. As a result, incorrect data is being displayed or in some cases, no data at all for Paysafe partners looking at their accounts. Paysafe did note that actual affiliate tracking is not affected…
Read morePayolution makes its Dutch market debut with online retailer Bergfreunde.
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