Paysafe to Divest Direct Marketing Payment Processing Business

MT Newswires Live

2025/02/11

Paysafe (PSFE) said Tuesday that it has reached an agreement to sell its direct marketing payment processing unit to KORT Payments, a company led by Joel Leonoff, Paysafe's former chief executive officer.

Paysafe said it expects the deal to be completed within 30 days, pending the finalization of transition services.

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