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Paysafe ( (PSFE) ) has issued an update.
On February 11, 2025, Paysafe Limited announced a definitive agreement to sell its direct marketing payment processing business line to KORT Payments. This strategic divestiture aims to optimize Paysafe’s portfolio by exiting non-strategic business lines, enhancing long-term shareholder value and focusing on high-growth opportunities. The sale is part of Paysafe’s strategy to minimize exposure to higher-risk verticals and improve financial performance. Preliminary financial results for 2024 indicated a 6% increase in full-year revenue and potential net income improvement compared to the previous year, despite challenges such as credit losses and foreign exchange impacts.
More about Paysafe
Paysafe Limited is a prominent payments platform company headquartered in London, UK. The company specializes in providing various payment processing solutions, including merchant solutions and digital wallets, focusing on optimizing its portfolio and targeting growth in the experience economy.
YTD Price Performance: 31.66%
Average Trading Volume: 392,005
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.41B
For detailed information about PSFE stock, go to TipRanks’ Stock Analysis page.
