The payment processing company is buying more than $ 22 billion in the Cincinnati-based rival world to expand the global payment of Global Payments.
This step subjugates the financial technology agency, enables about 94 billion transactions and the Payment $ 3.7 trillion payment volume across the country over 175.
Payment processing companies, which include family names Visa and MasterCard, for the convenience of financial transactions between customers, businesses and banks. The demand for consumer and business for electronic payment and banking has increased growth in the sector.
Atlanta-based Global Payments are providing cash and stock $ 22.7 billion in a tri-faced agreement associated with FIS, a private equity firm GTCR and financial technology company FIS.
The Global Payments will sell its issuing solution unit to FIS as part of the agreement agreement. The GTCR will hold 15% partner in the case of paying global payments after the agreement.
Global Payments say it is expected to earn $ 2.69 per share for its first quarter to match Wall Street forecasts.
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