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U.S. card firm Vantiv clinches $10 billion deal to buy Worldpay

Reuters  |  LONDON 

By Pamela BarbagliaLONDON (Reuters) - U.S. credit card processing company Vantiv secured a deal to buy Worldpay for 8 billion pounds ($10.4 billion) on Wednesday in a bid to create a $29 billion global payments powerhouse.Vantiv's move, one of the biggest takeovers of a British firm since last year's Brexit vote, is part of a wave of payments company mergers as consumers move away from cash transactions to digital payments.Companies such as Vantiv with a strong presence in the United States are scrambling to establish a global footprint in the fast-evolving payments industry.Once a backwater ...

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First Published: Wed, August 09 2017. 21:55 IST