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Elavon acquires Sage Pay for $300 million to grow its market share in the UK and Ireland - Business Insider

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Elavon's acquisition of Sage Pay follows the footsteps of major payments firms that have consolidated and positioned themselves to cross-sell:

that it was looking to sell its payments unit earlier this year. The deal is subject to regulatory approval from both the Federal Reserve in the US and the Central Bank of Ireland. of growing its market share in the UK and Ireland, and it appears to be leaning on the rising importance of payments gateways to do so.

important solution, so adding one like Sage Pay could bolster Elavon's overall business. Payments gateways are online payments offerings that enable the collection of payment information on websites, so they're needed by all types of merchants that want to do business online. By bringing on Sage Pay, in addition to its two existing gateways —

 

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