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Paysafe Pay Later acquired by Heidelpay

Friday 10 July 2020 06:43 CET | News

The Heidelpay Group has agreed to buy the Paysafe Pay Later, the deferred payments arm of Paysafe Group.

Paysafe Pay Later previously operated under the name Payolution, and it provided white-label invoice and instalment payment solutions for online merchants and brick-and-mortar retailers, such as Decathlon, Teufel, and Schuhcenter.de.

In addition, the CEO of Paysafe Pay Later and the entire team will join Heidelpay. Terms of the deal were not disclosed, however, it will allow Paysafe to focus on its core business of payment processing, digital wallets, and e-cash. The agreement is expected to close by Q3, so the two companies will operate independently until then.


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Keywords: Paysafe Pay Later, acquisition, Heidelpay, payments, white-label, invoice, instalment, online merchants, brick-and-mortar, retailers, payment processing, digital wallets, e-cash
Categories: Payments & Commerce | Online Payments
Countries: World
This article is part of category

Payments & Commerce