On the Alternative Investment Market, SafeCharge international (schs) surged 22.1% to 427.5p after US payments technology firm Nuvei said it would buy its UK-listed rival for $889 million, or $5.55.

Payments aficionado, passionate about Subscriptions & Monetization / Virtual Cards / 3. Payments tech firm Nuvei to buy Britain's SafeCharge for $889 million .

Nuvei Corporation has agreed to pay $889 million in cash for payment technology company SafeCharge International Group Ltd., the company.

Nuvei to buy in cash Cyprus based fintech firm SafeCharge for $889 million The deal will create a company with a revenue of approx. $300 million and a transaction volume of approx. $30 billion

(Reuters) – U.S. payments technology firm Nuvei Corp said it would buy SafeCharge International Group Ltd in an all-cash deal valued at $889 million to expand in the fast-growing electronic.

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In an all-cash deal valued at $889 million, Nuvei Corp plans to purchase SafeCharge International Group Ltd. The firms noted that shareholders of SafeCharge would receive $5.55 of cash for every.

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Nuvei has agreed to purchase Teddy Sagi-owned SafeCharge in the latest major deal in payment solutions sector. US payments technology firm Nuvei Corp. has made an all-cash offer to buy British online payment processing company SafeCharge International Group Ltd. amid a massive wave of consolidation in the sector.

The companies said SafeCharge shareholders. follows a $35 billion deal by U.S. firm FIS to buy Worldpay earlier this year. Previously known as Pivotal Payments, the Plano, Texas-based company.

Nuvei is a leading North American provider of technology-driven payment processing solutions for enterprises in the point-of-sale, B2B, and e-commerce industries. The company previously operated as Pivotal Payments but rebranded as Nuvei late last year. Under the terms of Nuvei’s offer, the firm will pay $889 million in cash for SafeCharge.

Behind the SafeCharge Deal: Tech, Growth and Consolidation. the firm announced on the second day of the Cyprus event that it had been acquired by Nuvei, a Canadian firm, for $890 million.. the Canadian payments firm said that acquiring SafeCharge “will allow it to further strengthen its technology platforms by leveraging the innovative.