Global Payments (GPN) Inks JV to Serve Small & Mid-Size Firms
Global Payments(GPN) Zacks Investment Research·2024-01-12 17:02Global Payments Inc. (GPN) recently formed a joint venture with the German bank, Commerzbank, in a bid to benefit the nationwide small and medium-sized business clients of the bank with enhanced digital payment services. The organization formed as a result of the joint venture will be named Commerz Globalpay GmbH and is likely to commence operations in the first half of 2024, upon receiving a nod from the concerned supervisory and antitrust authorities.GPN will hold a 51% share while Commerzbank will hold t ...