Global Payments has agreed to sell its money-transfer operations, DolEx and Europhil, to Palladium Equity Partners, The Wall Street Journal reports. The private-equity firm will pay around $85-110 million, depending on the price at the time of closing.

The deal will allow the provider of card-authorization services to expand its merchant acquiring presence around the world and also for future merchant acquisitions and growth opportunities, adds PR Newswire. Global Payments provides electronic transaction processing services to consumers, merchants, Independent Sales Organizations, financial institutions, government agencies and multi-nationals.

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