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PaymentCloud Acquires Majority Share in Paysley
Friday 23 October 2020

California-based payments processing company PaymentCloud has acquired a majority stake in contactless payments technology newcomer Paysley, the company said.

Paysley was acquired for an undisclosed amount.

The acquisition will serve to combine the contactless payment functionality of Paysley with the payment processing power of PaymentCloud.

PaymentCloud facilitates credit card processing for merchants spanning a multitude of industry types.

Paysley, originally Mobipaid, began in 2014 by two South African entrepreneurs with extensive experience in the payments industry.
Date Published: 23/10/2020