Equiniti, a UK-based provider of finance, technology and administration services, has completed the purchase TransGlobal Payment Solutions (TPS), a foreign exchange and payments firm.
The deal was first announced on 14 July 2015.
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TransGlobal offers foreign exchange payments through PayFac, a cloud based foreign exchange and payment platform servicing a global portfolio of corporate clients.
It also powers the platform for Equiniti’s foreign exchange payments business, Equiniti International Payments.
Equiniti CEO Guy Wakeley said: "Equiniti has worked in partnership with TransGlobal since the launch of Equiniti International Payments in 2011, and so the software is already fully integrated within existing operations.
"This transaction is a good example of the progress we continue to make in expanding the range of services we offer clients, thereby driving growth through high quality acquisitions."
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