Digital Payments has closed the takeover of Muscato Group, including M2 Payment Solutions and all of its affiliates, as part of its plan to strengthen its presence in digital payment landscape.
The acquisition of Muscato Group will enable Digital Payments to emerge as a global vertically-integrated payment company with worldwide processing capability.
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Digital Payments CEO David Carr said: "We are excited about expanding into new markets and new geographical regions, and this acquisition by Digital Payments PLC positions us to grow quickly and continue to give our current customers more features and options.
"As we expand our vertical service offering, we are pleased to enhance our capabilities with the acquisition of such a premier processor as M2 Payment Solutions."
Upon completion of the transaction, M2 Payment Solutions will continue to operate under its current brand name and business structure, adding more functionality and resources to build on its global market presence.
Digital Payments PLC will allow M2 to boost its investment in technology, infrastructure, payment and global expansion.
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By GlobalData
