Opayo, formerly Sage Pay, is a payments processing service owned by Elavon. It operates in the UK and Ireland. The company provides online payments processing as well as products for face-to-face and telephone payments. It was known by the name Sage Pay while under the ownership of

The Sage Group plc The Sage Group plc, commonly known as Sage, is a British multinational enterprise software company based in North Tyneside, England. As of 2017, it is the UK's second largest technology company, the world's third-largest supplier of enterpri ...

between 2006 and 2020, when the payments company had also expanded to Germany, Spain, South Africa and the United States.

History

UK and Ireland

The Opayo business was founded in 2001 as Protx, a business that processes online payments for small and medium sized businesses. Sage Group purchased Protx for £20 million in 2006. Protx had 10,000 customers in 2006. Protx was rebranded as Sage Pay in April 2009. Sage Pay entered the Irish market and opened a customer service centre in

Newcastle upon Tyne Newcastle upon Tyne ( RP: , ), or simply Newcastle, is a city and metropolitan borough in Tyne and Wear, England. The city is located on the River Tyne's northern bank and forms the largest part of the Tyneside built-up area. Newcastle is ...

during the same year. Sage Pay had 300 employees and serves 50,000 customers. In February 2012 Sage Pay entered the card machine payment market when they acquired Integral Computers Ltd for €20 million. Integral Computers was founded in 1989 and its

point of sale The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ...

technology was used in 25,000 locations in 2012 across the UK and Ireland. In 2019 Sage Pay and

Worldpay, Inc. Worldpay, Inc. was an American payment processing company and technology provider. In June 2019 it was acquired and merged into Fidelity National Information Services (FIS). Before its acquisition, it was headquartered in the greater Cincinnat ...

announced they were to partner to provide additional services in the UK and Ireland. In November 2019 Elavon announced the acquisition of the UK and Irish Sage Pay business for £232 million. The Sage Salary and Supplier Payments portion of Sage Payments was not included in the deal with Elavon. The sale was completed on 11 March 2020 and the business was rebranded as Opayo in July of the same year.

Germany and Spain

Sage Pay launched in Germany in October 2012 and in Spain in September 2013. Sage Pay is no longer listed on the German and Spanish Sage websites.

South Africa

In May 2010,

Sage South Africa Softline was a South African enterprise software company that existed as an independent company between 1988 and 2003 when it was acquired by the UK-based multinational corporation The Sage Group plc. Sage continued to use Softline as a brand n ...

announced the acquisition of Netcash (Pty) Ltd, a company that provides transaction processing services in three primary areas: electric funds transfer payments, debit order collections and credit card transaction processing. Netcash had been established in 2002. In 2013 Sage Netcash was rebranded as Sage Pay. Sage sold the South African payments business in July 2019 for £5 million. The South African business reverted to its Netcash name in December 2019.

United States

Sage previously operated a payments processing service in the United States called Sage Payment Solutions. Sage Group divested the US Sage Payments Solutions business to

GTCR GTCR LLC is a Chicago, Illinois-based private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. The firm principally invests in high-growth industries, including financial services & tec ...

in 2017 for $260 million. Sage Payments Solutions was later rebranded as Paya.

References

External links

Opayo by Elavon
{{Sage Group Pay Banking technology Online payments Financial services companies established in 2001