March 27, 2015
Global Payments Inc., a leading worldwide provider of payment technology services, has announced the purchase of Realex Payments, one of Europe’s largest and fastest growing payment gateways. Realex provides a range of technology services for businesses selling online. This acquisition furthers Global Payments’ strategy to provide omni-channel solutions that combine gateway services, payment service provisioning, and merchant acquiring across Europe. Under the terms of the agreement, the transaction is valued at €115 million ($125 million).
Realex Payments delivers a broad range of web solutions to corporate and business clients. In addition to traditional gateway and payment service provider capabilities, Realex Payments also provides enhanced analytics, real-time fraud-scoring, recurring payments, and FX services, such as dynamic currency conversion and multi-currency processing. Realex Payments provides a range of payment technology services for businesses selling online and processing payments valued at more than €28 billion per annum on behalf of 12,500 retailers throughout Europe, with clients in 30 countries.
Colm Lyon, CEO of Realex Payments, said in an official press release, "We are thrilled to be joining the Global Payments team. The combination of Global Payments' multinational acquiring expertise with Realex Payments’ technologies and employees will position us well for global growth and expansion."
Global Payments' CEO, Jeff Sloan, said in an official press release, Realex Payments represents a strategic investment to expand our international omni-channel technology offerings, enhancing our go-to-market strategy in one of our largest regions with industry leading value-added products and services...We are excited to further invest in our European businesses, continue to leverage our multinational footprint and accelerate our growth opportunities at a favorable time in Europe.
Global Payments recently partnered with Discover Financial Services to bring a streamlined acceptance solution for Discover cards for merchants in Canada. The new program will simplify acceptance of Discover, Diners Club International, PULSE and affiliated network cards for Global Payments’ merchants in Canada, offering a comprehensive solution that provides value by offering a single statement.