{"id":56976,"date":"2023-09-05T04:15:16","date_gmt":"2023-09-05T08:15:16","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/exclusive-barclays-explores-sale-of-stake-in-2-5-billion-uk-payments-unit-sources\/"},"modified":"2023-09-05T04:15:19","modified_gmt":"2023-09-05T08:15:19","slug":"exclusive-barclays-explores-sale-of-stake-in-2-5-billion-uk-payments-unit-sources","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=56976","title":{"rendered":"Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit \u2013 sources"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. REUTERS\/Stefan Wermuth\/File Photo<\/span>
\n<\/i>\n<\/div>\n

By Amy-Jo Crowley, Pablo Mayo Cerqueiro and Milana Vinn<\/p>\n

LONDON\/NEW YORK (Reuters) – Barclays Plc is exploring the sale of a stake in the unit that processes payments for UK merchants as the British bank seeks a partner to help grow the business, four people familiar with the matter told Reuters.<\/p>\n

The bank is considering bringing in a partner with the strategic “know-how” to expand the business, as well as raising capital, but has yet to decide how big a stake it might sell, said the people.<\/p>\n

The business could be valued at at least 2 billion pounds ($2.5 billion), based on estimated earnings before interest, tax, depreciation and amortisation (EBITDA) of about 300 million pounds and similar deals, one of the people said.The early-stage discussions are part of a review into its global payment activities spanning merchant acquiring and credit card services, said the people, who spoke on condition of anonymity. <\/p>\n

Barclays distributed a presentation on its domestic merchant acquiring unit to potential bidders – mainly specialist payments providers – over the summer, two of the people said, but plans may still be altered or dropped entirely.<\/p>\n

A spokesperson for Barclays said: “We don’t comment on speculation. Our businesses continue to perform well and growing our global payments business is a priority for us.”<\/p>\n

Reuters reported earlier this year that Barclays, led by Chief Executive CS Venkatakrishnan, had launched a review of its global payments footprint as it debates how to best allocate capital among its divisions and boost its share price.<\/p>\n

The group drafted in consultants to prepare separate financials for its domestic merchant acquiring operation in an initiative known internally as Project Hyperion, one of the people said.<\/p>\n

It mirrors moves by other European lenders which have sought to monetise their payments operations, including Spain’s Banco Sabadell and Italy’s Intesa Sanpaolo (OTC:).<\/p>\n

Barclays is also gauging interest in its German consumer finance operations, known as Barclaycard Germany.<\/p>\n

($1 = 0.7923 pounds) <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. REUTERS\/Stefan Wermuth\/File Photo By Amy-Jo Crowley, Pablo Mayo Cerqueiro and Milana Vinn LONDON\/NEW YORK (Reuters) – Barclays Plc is exploring the sale of a stake in the unit that processes payments for UK merchants as the British bank […]<\/p>\n","protected":false},"author":1,"featured_media":3721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-56976","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nExclusive: Barclays explores sale of stake in $2.5 billion UK payments unit \u2013 sources | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. REUTERS\/Stefan Wermuth\/File Photo By Amy-Jo Crowley, Pablo\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=56976\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit \u2013 sources | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. REUTERS\/Stefan Wermuth\/File Photo By Amy-Jo Crowley, Pablo\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=56976\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-05T08:15:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-05T08:15:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPECBE0OL_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=56976#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=56976\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit \u2013 sources\",\"datePublished\":\"2023-09-05T08:15:16+00:00\",\"dateModified\":\"2023-09-05T08:15:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=56976\"},\"wordCount\":359,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=56976#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=56976\",\"url\":\"https:\/\/ifintechworld.com\/?p=56976\",\"name\":\"Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit \u2013 sources | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-09-05T08:15:16+00:00\",\"dateModified\":\"2023-09-05T08:15:19+00:00\",\"description\":\"\u00a9 Reuters. A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. REUTERS\/Stefan Wermuth\/File Photo By Amy-Jo Crowley, Pablo\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=56976#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=56976\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=56976#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit \u2013 sources\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit \u2013 sources | iFintechWorld","description":"\u00a9 Reuters. A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. REUTERS\/Stefan Wermuth\/File Photo By Amy-Jo Crowley, Pablo","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=56976","og_locale":"en_US","og_type":"article","og_title":"Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit \u2013 sources | iFintechWorld","og_description":"\u00a9 Reuters. A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. REUTERS\/Stefan Wermuth\/File Photo By Amy-Jo Crowley, Pablo","og_url":"https:\/\/ifintechworld.com\/?p=56976","og_site_name":"iFintechWorld","article_published_time":"2023-09-05T08:15:16+00:00","article_modified_time":"2023-09-05T08:15:19+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPECBE0OL_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=56976#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=56976"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit \u2013 sources","datePublished":"2023-09-05T08:15:16+00:00","dateModified":"2023-09-05T08:15:19+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=56976"},"wordCount":359,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=56976#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=56976","url":"https:\/\/ifintechworld.com\/?p=56976","name":"Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit \u2013 sources | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-09-05T08:15:16+00:00","dateModified":"2023-09-05T08:15:19+00:00","description":"\u00a9 Reuters. A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. REUTERS\/Stefan Wermuth\/File Photo By Amy-Jo Crowley, Pablo","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=56976#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=56976"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=56976#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit \u2013 sources"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/56976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56976"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/56976\/revisions"}],"predecessor-version":[{"id":56977,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/56976\/revisions\/56977"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/3721"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}