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Paya Group increases its stake in LibertyPay Limited

Paya Group today announced completion of its buy out of a major shareholder of LibertyPay Limited, provider of card processing and devices to the charity and retail segments. This increases the Paya Group stake in LibertyPay from 50% to 92%.

Commenting on the share acquisition, Bill Thomson Group CEO stated ‘this is an important acquisition for us. LibertyPay has established itself as an important service provider in the Charity sector in particular, with some important relationships with partners and major charities. The business complements our own successful PayaCharity business and we are delighted that we will be able to leverage the synergies to the benefit of the customer base. Both businesses are profitable and this provides assurance to customers that we will be there to deliver service in the long term’