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Worldline to acquire the leading payment processor in the Baltics – First Data Baltics
Worldline says it has signed an agreement with First Data for the acquisition of 100% of the share capital of First Data’s fully owned subsidiaries in Lithuania, Latvia, Estonia (together “First Data Baltics” or “FDB”) for c.€73 million, financed by available cash. Having generated revenue of c.€23 million in 2016, FDB currently employs 200 employees [...]
The post Worldline to acquire the leading payment processor in the Baltics – First Data Baltics appeared first on Payments Cards & Mobile.
MasterCard and Visa post strong earnings
Rival payment processors MasterCard and Visa both posted higher earnings than Wall Street expected as US customers increased card spending at the end of 2015, a period including the lucrative holiday shopping season. MasterCard reported profit of 79 cents a share on Friday, topping the 70-cent average of analysts’ projections, while Visa’s earnings of 69 cents a share, excluding some items, compared [...]
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