KeyBank / XUP Payments 2021
KeyBank National Association acquired XUP Payments on November 22, 2021.
- Target
- XUP Payments
- Acquirer
- KeyBank National Association
- Announced
- November 22, 2021
- Sub-sector
- Payments
Transaction overview
- KeyBank National Association announced the acquisition of XUP Payments on November 22, 2021.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquire B2B payments platform to enhance digital merchant services, scale technology capabilities, and accelerate top-quartile volume growth.
Deal terms & multiples
Frequently asked questions
When did KeyBank National Association announce the acquisition of XUP Payments?
KeyBank National Association announced the acquisition of XUP Payments on November 22, 2021.
What sub-sector is XUP Payments in?
XUP Payments is tracked in the Payments sub-sector.
Sources
- prnewswire.com /news-releases/keybank-acquires-leading-payments-innovator-xup-301429370.html