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Globally-operating payment services provider Paysafe has announced a new addition to its portfolio. The company proceeded to acquire iPayment Holdings, which is a U.S. based provider of payment and processing solutions for small and medium-sized businesses (SMB).
The deal is paving the way for Paysafe to expand its presence in North America in line with its commitment. The company has previously highlighted its interest in the SMB payments space.
Buying iPayment is building upon the acquisition of Merchant Choice Payment Solutions, a deal that was announced last August. Following today’s announcement, the firm will become the fifth largest payment service provider in ... (read more)