Elavon, a global merchant acquirer and subsidiary of U.S. Bancorp, has agreed to acquire Sage Pay, an established payments gateway business in the United Kingdom and Ireland owned by The Sage Group plc.
The acquisition is part of Elavon’s strategy to help its business customers grow as the global economy becomes more digital, and as businesses look to streamline their operations with software that includes payments capabilities.
Aiming at UK and Ireland’s SMBs
Elavon is currently the fourth-largest merchant acquirer in Europe with an integrated international processing platform that allows them to do business in many countries and currencies.
This acquisition extends Elavon’s market share in the UK and Ireland, particularly for small and medium-sized enterprises where Sage Pay is a highly-trusted payments gateway with a loyal customer base.
“We are a customer-focused company that is helping businesses succeed in a global marketplace that is changing rapidly. This acquisition brings tremendous talent and leading technology to Elavon, which can be leveraged across the European market.”
Hannah Fitzsimons, President and General Manager, Elavon Merchant Services, Europe
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