Global Payments is staying true to its name, with the company’s latest move expanding its presence in Europe and beyond.
The payment technology firm announced yesterday (March 25) that it has acquired Realex Payments, an online payment gateway that currently services 12,500 retailers throughout Europe. With the pickup of Realex — which outfits online businesses with a range of technology services — Global Payments is continuing to fulfill its declared strategy of offering omnichannel solutions to businesses across the continent, combining gateway services, payment service provisioning and merchant acquiring.
In a statement, Global Payments CEO Jeff Sloan remarked: “Realex Payments represents a strategic investment to expand our international omnichannel 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.”
“We are thrilled to be joining the Global Payments team,” said Realex Payments CEO Colm Lyon. “The combination of Global Payments’ multinational acquiring expertise with Realex Payments’ technologies and employees will position us well for global growth and expansion.”
Along with the traditional gateway and payment service provider capabilities, Realex Payments also offers enhanced analytics, real-time fraud-scoring, recurring payments and FX services like dynamic currency conversion and multi-currency processing.
Global Payments’ acquisition of Realex Payments is valued at over $126 million.