Payments monye case 1Sage has agreed to sell Sage Pay to Elevon, a payments subsidiary of U.S. Bancorp for around $300 million in cash. The agreement will take Sage out of the payments business.

 The announcement came in advance of this week's release of results for the year ended September 30. The United Kingdom-based software company sold its North American business, now known as Paya, in 2017. Sage expects a profit on disposal of approximately $232 million. Sage Pay reported an operating profit of about $19 million for the year ended Sept. 30, 2018 on revenue of approximately $53 million.

Last modified on Friday, 22 November 2019
Read 257 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline