Heidelpay to acquire Paysafe Pay Later from Paysafe Group.

Heidelpay, a payment institution for online payment methods, agreed to acquire Paysafe Pay Later, a deferred payments arm of the Paysafe Group, a provider of payment solutions. Financial terms were not disclosed. “This sale reinforces our strategic direction of focusing on our core payment processing, digital wallets and e-Cash businesses. We believe we have found the right long-term owners for Paysafe Pay Later in heidelpay: they are committed to the deferred payments sector and we wish Claire and the entire team all the very best as they prepare to enter the next phase of their journey," Philip McHugh, Paysafe Group CEO.