EVO Payments
EVO Payments is a global merchant acquirer and payment processor operating in 50+ markets and 150+ currencies, serving 550,000+ merchants through ISV, bank, and ISO channel partners. Acquired by Global Payments for $4.0B in March 2023.
- Company typePublic
- Founded1989
- HeadquartersAtlanta, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What EVO Payments does
EVO Payments, Inc. is a global merchant acquirer and payment processor founded in 1989 in Melville, New York, and headquartered in Atlanta, Georgia. The company operates a fully integrated acquiring and processing platform spanning more than 50 markets and 150 currencies, processing over $100 billion in annual transaction volume for 550,000+ merchant locations. Core technology assets include the proprietary PayFabric cloud-based payment gateway, Interchange Management technology for B2B rate optimization, the EVO Snap* integrated omnichannel solution, and a B2B Integrated Payments Suite with native, certified ERP integrations to Sage, Microsoft, SAP, Oracle, and Acumatica. EVO is a principal member of Visa and MasterCard and maintains PCI DSS compliance globally.
EVO monetizes primarily through transaction-based fees on payment processing and merchant acquiring services, supplemented by revenue from technology integration services and gateway offerings. The go-to-market is overwhelmingly channel-driven: ISV partnerships embed EVO into ERP, POS, and vertical SaaS platforms (notably Epos Now, Sage, Microsoft, SAP, Oracle, and Acumatica ecosystems); exclusive or long-term financial institution alliances with banks such as Bank of Ireland, Banco Sabadell Mexico, MONETA Money Bank, Liberbank, Bci, and EuroBic provide regional distribution; and an ISO/agent network reaches smaller merchants. Direct enterprise sales target multinational corporations and government entities requiring Level II/III processing. International revenue represented 62% of total revenue in Q2 2022, with Europe growing 41% on a constant currency basis.
The company was acquired by Global Payments Inc. in March 2023 for $4.0 billion ($34.00 per share, all-cash) following an August 2022 definitive agreement. At the time of acquisition, EVO reported Q2 2022 revenue of $137.7M (up 13% YoY) and H1 2022 revenue of $264.6M, with Adjusted EBITDA of $51.7M (37.6% margin, up 21% YoY) and leverage reduced to 1.9x from 2.6x a year earlier. Madison Dearborn Partners, the original 2012 sponsor, held approximately 22% voting power at acquisition. Post-transaction, EVO operates as a subsidiary of Global Payments (NYSE: GPN), with combined customer base of 4.5 million merchant locations and 1,500+ financial institution relationships.
EVO Payments firmographics
Firmographics- Name
- EVO Payments
- Legal name
- EVO Payments, Inc.
- Website
- https://evopayments.com
- Company type
- Public
- Founded year
- 1989
- Operating status
- Acquired
- Headcount range
- 501–1,000 employees
- Short description
- EVO Payments is a global merchant acquirer and payment processor operating in 50+ markets and 150+ currencies, serving 550,000+ merchants through ISV, bank, and ISO channel partners. Acquired by Global Payments for $4.0B in March 2023.
- Ownership category
- akta.pro rank
EVO Payments industry classification
Industry- Product category
- Merchant Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Alternative Payment Method (APM) Acquiring (e.g., BNPL, wallets, local methods) (FSAMABAL)
- akta.pro secondary industry
- Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments) (BPAAAGAA)
Keywords
Where EVO Payments is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
EVO Payments business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Payment Processing Services: EVO generates revenue through payment processing fees charged to merchants for transaction handling across card networks. As a fully integrated merchant acquirer and payment processor, EVO handles card acceptance for businesses of all sizes in over 50 markets globally.
- Technology Integration Services: Revenue from providing integrated payment solutions through partnerships with ISVs, ERP providers, and POS systems. EVO's proprietary integrations with Sage, Microsoft, SAP, Oracle, and Acumatica enable bundled B2B payment solutions.
- Merchant Acquiring: Revenue from merchant acquiring services, including card processing, ACH processing, and value-added solutions such as card-on-file capabilities for small, mid-size, and multinational enterprise merchants.
- Gateway Services: Revenue from payment gateway services provided through acquisitions like Anderson Zaks (UK omnichannel gateway) and Pago Fácil (Chilean eCommerce gateway), processing digital payments for merchants across Europe and Latin America.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Enterprise/Multinational |
| Transaction based/ take rate | Monthly | SMB/Mid-market |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels5 records
EVO Payments product offering
Product offeringCore offering
EVO Payments is a global payment technology and services provider offering fully integrated merchant acquiring and payment processing solutions for in-store, online, and mobile channels. The company serves over 550,000 merchants across 50+ markets and 150+ currencies with proprietary technologies including the PayFabric cloud gateway, EVO Snap* integrated payment platform, and certified ERP integrations to Sage, Microsoft, SAP, Oracle, and Acumatica. Its core offering is delivered primarily through a channel partner model targeting ISVs, financial institutions, ISOs, VARs, and government organizations.
Product overview
EVO Payments is a global payment technology and services provider offering a unified merchant acquiring and payment processing platform. The core platform processes over $100 billion in annual transaction volume across 50+ markets and 150+ currencies, serving more than 550,000 merchants. The portfolio includes EVO Snap* for integrated omnichannel payments, PayFabric as the proprietary cloud-based gateway, and the B2B Integrated Payments Suite with native ERP integrations to Microsoft, SAP, Oracle, Acumatica, and Sage. Regional operations span Europe through UniversalPay (Spain), eService (Central/Eastern Europe), and UK/Ireland brands, while the Americas operations include North American merchant acquiring and Latin American expansion through joint ventures.
Differentiator
Problem solved
Functional benefit
Brands
- EVO Snap*: Integrated payment solutions platform for merchants globally
- PayFabric
- eService
- UniversalPay
Products and services
- EVO Payments Core Merchant Acquiring and Processing Platform Global payment technology and services platform providing merchant acquiring and payment processing for in-store, online, and mobile card acceptance. Processes over $100 billion in annual transaction volume for more than 550,000 merchants across 50+ markets and 150+ currencies.
- PayFabric EVO's proprietary secure cloud-based payment gateway enabling online and mobile payment processing. Certified for Acumatica integration and used by software partners to embed card acceptance and ACH processing capabilities.
- EVO Snap* Integrated payment solution enabling merchants to accept payments across multiple channels (in-store, online, mobile) through a single integration. Provides marketing and payment processing capabilities for global retailing.
- B2B Integrated Payments Suite
Quantifiable outcome
- International revenue grew 33% on constant currency basis in Q2 2022, now representing 62% of total revenue
- +3 more outcomes
Companies that use EVO Payments
Customer profileNamed customers9 records
Segments6 records
Ideal customer profiles5 records
EVO Payments technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature6 records
EVO Payments partnerships and signals
Strategic signalPartnerships
29 partnerships are on record, tiered minor and core.
- Lawn BuddyminorStrategic partnership providing Lawn Buddy customers with EVO's credit card and ACH processing and value-added solutions such as card-on-file, enhancing lawn and landscape professionals' ability to get paid on time.
- TorominorPartnership where EVO provides acquiring and processing services and secure PayFabric gateway for Toro's Horizon360 business management software customers, enabling landscape contractors to accept and manage card payments within the software suite.
- North49 Business SolutionscoreAcquired North49, a certified Sage Development Partner providing accounts receivable solutions and business automation tools with certified integrations to Sage 300 and Sage Intacct. Expands EVO's ERP integrations portfolio to include Sage alongside Microsoft, Acumatica, Oracle, and SAP.
- Anderson ZakscoreAcquired Anderson Zaks, a UK-based omnichannel payment gateway serving merchants across UK, Ireland, and Europe. Expands payment technology capabilities and ISV network in Europe.
- Pago FácilcoreAcquired Pago Fácil, a Chilean eCommerce payment gateway as part of expansion in Latin America. Added approximately 3,000 merchants to EVO's joint venture with Bci.
- MONETA Money BankcoreLong-term partnership in Czech Republic where EVO provides payment acceptance services to MONETA's merchant customers, leveraging existing infrastructure to offer secure processing services and digital transaction innovations.
- LiberbankcoreLong-term strategic alliance in Spain where Liberbank transferred its existing merchant acquiring business to EVO. EVO provides full suite of secure payment processing services through its UniversalPay business.
- Banco Sabadellcore7-year strategic partnership in Mexico where EVO provides payment solutions marketed through Sabadell's retail branch network and corporate banking representatives, enhancing merchant offerings for the growing bank in Mexico.
- SagecoreThrough North49 acquisition, EVO became both a Sage Authorized Partner and Sage Development Partner, with North49's customer portal as an endorsed solution for Sage 300 and Sage Intacct, directly distributed by Sage.
- OraclecoreEVO achieved Oracle Validated Integration with Oracle eBusiness Suite as a Gold-level Oracle PartnerNetwork member. Integration covers Accounts Payable, Oracle Cash Management, and Oracle Receivables modules with proprietary Interchange Management technology.
- Crimson Transaction TechnologiesminorPartnership pairing Crimson's Scoria POS system with EVO's payment processing and EMV-capable terminals for retailers, liquor stores, governments, and park fee collections.
- Epos NowcoreEVO named preferred payment card partner of Epos Now, a leading global provider of retail and hospitality POS systems with offices in UK and US. Over $5 billion transactions processed through Epos Now systems in 2016.
- PNC BankminorEVO Payments International is a registered ISO/MSP of PNC Bank, N.A., Pittsburgh, PA.
- Deutsche Bank Trust Company AmericasminorEVO Payments International is a registered ISO/MSP of Deutsche Bank Trust Company Americas, New York, NY.
- Bank of IrelandcoreEVO and Bank of Ireland renewed exclusive alliance agreement for merchant acquiring and payment processing services in Ireland. EVO supports BOI Payment Acceptance brand for card acceptance services.
- BcicoreEVO and Bci established new card acceptance joint venture in Chile. The Pago Fácil acquisition added approximately 3,000 merchants to this joint venture, improving digital payment solutions.
- TouchBistrominorPartnership to provide fully integrated POS and payments solution for restaurants in Mexico.
- Vend POSminorPartnership to provide semi-integrated EMV processing solution through Vend POS system.
- NCCminorPartnership to expand integrated payment offerings to Canada's VAR network.
- EuroBicminorJoint venture to create new card acceptance partnership in Portugal.
- MenusifuminorPartnership to bring EMV-ready solutions to next generation restaurant POS systems.
- VonigominorVonigo named EVO as its preferred card processor for field service businesses.
- eServicecoreEVO's subsidiary in Poland providing payment solutions. Strategic relationship with POSNET for enterprise payment solutions in Poland.
- iConnectminorEVO Payments International and EVO Snap* partner with iConnect for global retailing solutions.
- BoomtownminorPartnership to simplify tech support for POS resellers and merchants.
- Lime Light CRMminorPartnership to support direct response merchants with integrated payment and CRM solutions.
- Earnest AgencyminorCreative agency partnership for developing 'The Obsessives' marketing campaign recognized with B2B Brave Award for Best Content-Led Digital Experience.
- DelegocoreEVO acquired Delego to enhance SAP integrated payments, providing market-leading integrated payment solutions for SAP customers with accounts payable automation.
- National Bank of GreececoreEVO acquired majority interest in National Bank of Greece merchant acquiring business, expanding presence in Greece.
Scale indicators10 records
Recent moves10 records
Expansion highlights5 records
EVO Payments competitors and assessment
Company assessmentEmerging players
- Stripe: Developer-first payments platform for online and integrated commerce, increasingly competing for the same ISV-embedded payments opportunity EVO targets.
- Nuvei: Global electronic payments processor with strong APM and omnichannel coverage — competes for the same cross-border and B2B integrated opportunity EVO pursues.
- Checkout.com: Global digital payments processor for enterprise and omnichannel merchants — competes with EVO on cross-border and integrated gateway capabilities outside the U.S.
- Block (Square): SMB-focused integrated payments and POS ecosystem — overlapping with EVO's SMB and channel-partner-led acquiring book, particularly in the U.S.
Broad incumbents
- Global Payments Inc. Parent of EVO and a broader portfolio of merchant acquiring, issuer, and software-led payments — overlapping capabilities as the acquirer of EVO and operator of legacy merchant services.
Direct peers
- Fiserv: Diversified payments and financial technology provider with deep merchant acquiring, Clover POS, and ERP-style integrations — overlapping directly with EVO on integrated B2B/SMB acquiring.
- Adyen: Unified omnichannel payment processor serving global enterprise merchants across in-store, online, and mobile — direct business-model overlap with EVO's integrated acquiring and gateway stack.
- Worldpay (FIS): Global merchant acquirer and processor serving SMBs through enterprise, including integrated ERP and ISV channels — closest scale and model comparable to EVO.
Regional players
- Nexi: European payments and merchant acquiring leader across multiple markets — directly comparable to EVO's European operations (UniversalPay, eService).
Others
- Heartland Payment Systems: U.S. SMB-focused merchant acquirer (now part of Global Payments), historically positioned in the same channel-partner-led SMB acquiring segment as EVO's U.S. business.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
EVO Payments social profiles
Digital presenceEVO Payments compliance and trust
Trust signalCompliance3 records
EVO Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
EVO Payments leadership team
Management profileNumber of profiles
EVO Payments subsidiaries and ownership
Company hierarchySubsidiaries10 records
EVO Payments funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EVO Payments M&A and investment
M&A and investmentM&A9 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EVO Payments
What does EVO Payments do?
EVO Payments is a global payment technology and services provider offering fully integrated merchant acquiring and payment processing solutions for in-store, online, and mobile channels. The company serves over 550,000 merchants across 50+ markets and 150+ currencies with proprietary technologies including the PayFabric cloud gateway, EVO Snap* integrated payment platform, and certified ERP integrations to Sage, Microsoft, SAP, Oracle, and Acumatica. Its core offering is delivered primarily through a channel partner model targeting ISVs, financial institutions, ISOs, VARs, and government organizations.
Is EVO Payments a public or private company?
EVO Payments is a public company. It is classified as corporate owned and is currently acquired.
When was EVO Payments founded?
EVO Payments was founded in 1989. It employs 501 to 1,000 people.
Where is EVO Payments based?
EVO Payments is headquartered in Atlanta, United States, in the North America region.
How does EVO Payments make money?
Four revenue lines are on record. Payment Processing Services are the primary driver. The others are technology Integration Services, merchant Acquiring and gateway Services.
Who are EVO Payments's main competitors?
Emerging players on record are Stripe, Nuvei, Checkout.com and Block (Square). Global Payments Inc. is listed as a broad incumbent. Direct peers are Fiserv, Adyen and Worldpay (FIS). Nexi is listed as a regional player. Heartland Payment Systems is listed as an others.
Does EVO Payments have an API?
Yes. EVO Payments offers integrated payment APIs enabling merchants and partners to embed payment processing capabilities. The company provides native API integrations to major ERP systems including Microsoft, SAP, Oracle, Acumatica, and Sage. Their PayFabric gateway serves as the proprietary technology enabling these integrations, with certified connections to Oracle E-Business Suite (Oracle Validated Integration) and Acumatica.
What industry is EVO Payments in?
EVO Payments's product category is Merchant Payment Processing. Its primary akta.pro industry code is FSAMABAL, Alternative Payment Method (APM) Acquiring (e.g., BNPL, wallets, local methods), with a secondary code of BPAAAGAA, Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments). Its NAICS code is 522320 and its SIC code is 6199.