Brookfield has acquired Barclays' payments business as part of a strategic plan to improve payment acceptance services. Both companies aim to better serve clients by integrating advanced technological solutions and enhancing operational effectiveness. By collaborating, they expect to leverage Brookfield's global expertise in payments to significantly improve the UK's payment systems, focusing on innovative and comprehensive services that meet evolving client demands. This partnership exemplifies Barclays' commitment to simplifying and enhancing its banking services through a focused three-year transformation plan.
Finding a partner to support us in transforming our payment acceptance business... demonstrates clear execution of our three-year plan to become a simpler, better and more balanced bank.
Payments systems need to adopt a digital-first and data-led approach to provide world-class solutions to clients. We're excited to draw on our deep global payments expertise to partner with Barclays.
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