Global Payments Inc. early Tuesday heralded updates for its Genius point-of-sale technology as it celebrated a recent regulatory ruling that speeds up the company’s $22.7 billion deal for the processing giant Worldpay.
“We now expect to close on Worldpay in the first quarter of 2026,” chief executive Camerons Bready told equity analysts during a conference call to discuss his company’s third-quarter performance. The original timeline called for a close some time in the first half of the year. The new timing follows an Oct. 20 decision by the United Kingdom’s Competition and Markets Authority clearing the deal, which was announced by Global and Worldpay’s owner, FIS Inc., in May. The investment firm GTCR is also selling its stake in Worldpay to Global as part of the same deal.
With the transaction, Atlanta-based Global also takes on the profile of a pure-play acquiring processor, as it also agreed at the same time to sell its card-issuing business to FIS for $13.5 billion. The idea, Bready said, is to “transform Global Payments into a single, unified company worldwide.”