Paysafe Group’s share price was up by more than 2 per cent early this morning (Monday) after the payment processor said that it expects to have almost doubled its adjusted earnings in 2015.
Paysafe Group – formerly Optimal Payments – has said that it now believes it will not be considered for inclusion in the FTSE 250 index until March 2016.
Optimal Payments looks to be back on track after what a company source described as an “over-reaction” to last week’s reports of a breach of customer data.
Optimal Payments looks set to promote its newly-acquired Paysafe brand after announcing plans to change its name ahead of a predicted move to the main listing on the London Stock Exchange.
Optimal Payments has seen its share price rocket after its reverse takeover of Skrill was given the go-ahead by the UK’s Financial Conduct Authority (FCA).
Optimal Payments shares soared today as the company said it would complete its $1.1bn (€990m) takeover of rival online payment provider Skrill by the end of July.
Online payment provider Optimal Payments has strengthened its mobile service offering by striking a deal to acquire mobile platform developer FANS Entertainment.
Optimal Payments will reduce its reliance on its biggest customer after reaching the final hurdle of its $1.1bn (€990m) purchase of rival Skrill.
Despite the ongoing uncertainty over the future of the US online gaming market, senior executives at Optimal Payments have told TotallyGaming.com that the company is hoping for wider regulation of such activities in order to expand its presence in the country.
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