WorldPay has acquired the YESpay group of companies, a payments services provider, for an undisclosed amount.
The WorldPay acquiring and payments processing firm will leverage YESpay’s technology to offer its UK clients a complete payment service, including merchant acquiring, card processing and payment terminals integrated with Point-of-Sale (POS) systems. The fit between the two companies is quite obvious and the ex-RBS owned WorldPay unit believes the combined service will allow existing customers of both firms to fully exploit the evolving needs of omni-channel shoppers with a single payment service operating in-store, online and via the mobile channel, where YESpay’s strength lies.
On completion of the deal, expected at the end of the quarter, WorldPay will acquire YESpay’s businesses and assets including payment platforms and technologies. Its 150 employees, based in the UK, Canada and India, will be transferred over, as will more than 3,000 customer relationships – another driver for the takeover.