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Global Payments acquires Australian payment gateway for $50M

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Global Payments acquires Australian payment gateway for $50M

Global PaymentsInc. said April 11 that it acquired eWAY, an Australia-based paymentgateway, for $50 million.

EWAY, founded by Matt Bullock in 1998, processed 5.8 billiontransactions in 2015, representing about one-quarter of Australian online transactions.The company trades in eight countries, including Australia, the U.K., Singaporeand Malaysia.