EVO Payments, a US-based payments firm, has purchased Irish peer Way2Pay for an undisclosed sum.
Through the Way2Pay gateway, schools and clubs in Ireland and the UK gain access to integrated payment solutions.
Way2Pay CEO John O’Gorman said: “We see significant value in expanding Way2Pay across the EVO ecosystem and bringing our payment gateway offering to new markets through EVO’s broad distribution channels and technology platforms.”
Under the agreement, Way2Pay has been integrated with EVO’s Snap platform.
EVO intends to launch the gateway in all its markets.
Plans are also on to eventually expand the reach of the gateway to new verticals.
EVO president—international Darren Wilson said: “We are very pleased to announce EVO’s acquisition of Way2Pay, which will broaden and deepen our eCommerce and digital payments capabilities, further enhancing EVO’s existing solutions.
“Way2Pay brings us an established payment gateway, which we will leverage across our global footprint.”
EVO tends to companies of various sizes across North America and Europe.
The firm serves as a merchant acquirer and payment processor in more than 50 markets.
The latest deal comes four months after EVO’s acquisition of ClearONE, a POS payments platform based in Spain.
The ClearONE platform, which serviced over 10,000 merchants, was also integrated into the Snap platform.