Evalon to acquire Sage Pay for $232mn

November 19, 2019 | Payments

Written by FinTech Alliance

Evalon to acquire Sage Pay for $232mn

The payments division of Sage Group Plc is being acquired by Evalon, a subsidiary of Bancorp.

In Brief:

  • Evalon is a global merchant acquirer.

  • It aims to expand its business in the UK and Ireland.

  • Sage Pay is the payments gateway of Sage Group, a market leader in cloud business management solutions, and has an operating profit of £15mn.

What does this mean?

With about 50,000 SME customers, Sage Pay will be a means for Evalon to enable its business customers to grow in a digital global economy.

Read more here.

 

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