Visa completed the acquisition of Earthport for £247m.

Visa completed the acquisition of the cross-border payment firm Earthport, for £247m ($323m). With the acquisition of Earthport, Visa expects to be able to reach the vast majority of the world’s banked population and allow them to easily, quickly and securely move money worldwide. FCA has unconditionally approved the proposed acquisition of control Visa of Earthport Group entities authorised and regulated by the FCA. “The acquisition of Earthport unleashes the power of Visa by taking us 'beyond the card,' empowering us to enable our clients to make payments through bank accounts around the world,” Bill Sheley, Visa Head of global push payments.