Visa has completed the acquisition of UK-based Earthport, providing an entree for the card scheme into the $80 trillion account-to-account payments market.
The CMA is investigating the anticipated acquisition by Visa International Service Association of Earthport plc.
The Board of the Bank of Lithuania has issued a payment institution licence to Earthport Payment Services, UAB.
Visa appears to have won the bidding war for cross-border payments firm Earthport after rival Mastercard dropped its bid and instead struck a deal to buy another money transfer network, Transfast, for an undisclosed amount.
Visa has raised its takeover offer for cross-border payments outfit Earthport, beating off a rival bid from Mastercard
Mastercard has opened up a turf war with rival scheme Visa over the acquisition of cross-border payment firm Earthport, posting a £233 million cash offer for the UK firm.
The boards of Bidco and Earthport are pleased to announce that they have reached agreement on the terms of a recommended all cash offer for the entire issued and to be issued ordinary share capital of Earthport by Bidco, a wholly-owned direct subsidiary of Visa.
Earthport plc (AIM: EPO), the leading payment network for cross-border payments, announces today that Phil Hickman, Chairman, will retire from the Company with immediate effect.
Earthport (AIM: EPO), the global payments specialist, has been appointed by BNP Paribas to provide Automated Clearing House (ACH) cross-border payment services.
Earthport plc (AIM: EPO.L), the leading payment network for cross-border payments, is pleased to announce that Mr Sunil Sabharwal, has agreed to join Earthport's Board as a Non-Executive Director, subject to regulatory approvals.
© Finextra Research 2019