January 17, 2018 / 6:50 AM / a year ago

Ingenico to buy New Zealand's Paymark for $138 million

Jan 17 (Reuters) - French payments specialist Ingenico agreed to buy New Zealand payment network Paymark for NZ$190 million ($137.5 million).

Ingenico said the deal is a “strong springboard” to deploy its strategy to provide payment solutions and services across all channels in the Pacific region. ($1 = 1.3820 New Zealand dollars) (Reporting by Thyagaraju Adinarayan in Gdynia; Editing by Sunil Nair)

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