ING buys stake in Payvision

Written by Mark Evans

ING has entered payments processing by buying a 75 per cent stake in Payvision for £317m.

The deal allows allow ING's business clients to accept omni-channel payments in 150 currencies, and is further evidence of the growing desirability of payments in the financial services sector. Last year Worldpay merged with Vantiv (a £8 billion deal), and Paysafe sold itself for £2.96 billion to Blackstone and CVC.