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July 20, 2017Blog Posts

Payments firm Ingenico to buy rival Bambora for 1.5 billion euros

Reuters:

French payments specialist Ingenico (INGC.PA) is to buy Stockholm-based rival Bambora from Nordic Capital for 1.5 billion euros ($1.7 billion) in the latest deal in the sector. Payments firms have become targets for credit card companies and banks seeking to capitalize on a switch from cash transactions to paying by smartphone or other mobile devices.

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