Santander said the deal is part of a strategy it announced last year to accelerate growth in global payments, including the creation of a global merchant acquiring business that builds on the success of its Brazilan subsidiary Getnet.
"The acquisition of Elavon Mexico is an important step in the creation of a global merchant services business, which will provide added value to our customers,"
Elavon Mexico operates as part of a strategic partnership with Banco Sandander Mexico. The alliance ranks second in the Mexican merchant services market, with 140,000 active customers and 250,000 card payment terminals.
"We are always looking at ways to optimize our existing operations to create value and invest for the future,"
Walker said the agreement would allow Santander to operate the business holistically and allow
The company last year announced the acquisition of
Cover image: Santander
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