6 March 2013
Leading financial technology company, WorldPay, has today announced the acquisition of the YESpay group of companies, a leading payments services provider, for an undisclosed amount.
Leveraging YesPay's technology, WorldPay will offer its customers a complete payment service, including merchant acquiring, card processing and payment terminals integrated with point of sale systems - allowing customers to take payments, in any form, online, face to face or mobile.
The acquisition will strengthen WorldPay's capabilities by enabling customers to obtain a one stop shop for their customer payment processing needs, now and in the future - allowing the integration of their payment service with the till system.
On completion, WorldPay will acquire the payment platforms and technologies from the YESpay companies and 150 employees based in the UK, Canada and India, and over 3,000 customer relationships.
Commenting on the deal, Chandra Patni, co-founder of YESpay said: "The YESpay team looks forward to significantly increasing the deployment of its multi-channel integrated payments services within WorldPay's unparalleled customer base."
Ron Kalifa, CEO, WorldPay said: "This is an exciting strategic opportunity for WorldPay and one that enhances our ability to help our customers transform their in-store processes to meet the ever evolving needs of their customers."
"We are investing heavily in growing and maintaining our strong market positions and we continue to make significant progress in evolving our business as we strive towards our goal of becoming the world's leading independent payment processing company."