EVO Payments

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.

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

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

• Merchant payment processing
• Integrated payment solutions
• B2B payment technology
• Card acceptance services
• Payment gateway software

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core 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

Named customers9 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature6 records

Partnerships

29 partnerships are on record, tiered minor and core.

• Lawn BuddyminorChannel Partner/ Reseller/ Distributor · 4 October 2022Strategic 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.
• TorominorChannel Partner/ Reseller/ Distributor · 1 July 2022Partnership 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 SolutionscoreTechnology or Integration · 23 May 2022Acquired 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 ZakscoreTechnology or Integration · 2 August 2021Acquired 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 FácilcoreTechnology or Integration · 4 June 2021Acquired 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 BankcoreChannel Partner/ Reseller/ Distributor · 26 April 2018Long-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.
• LiberbankcoreChannel Partner/ Reseller/ Distributor · 27 December 2017Long-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 SabadellcoreChannel Partner/ Reseller/ Distributor · 18 December 20177-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.
• SagecoreTechnology or Integration · 18 December 2017Through 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.
• OraclecoreTechnology or Integration · 12 October 2017EVO 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 TechnologiesminorChannel Partner/ Reseller/ Distributor · 20 July 2017Partnership 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 NowcoreChannel Partner/ Reseller/ Distributor · 25 May 2017EVO 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 BankminorOthersEVO Payments International is a registered ISO/MSP of PNC Bank, N.A., Pittsburgh, PA.
• Deutsche Bank Trust Company AmericasminorOthersEVO Payments International is a registered ISO/MSP of Deutsche Bank Trust Company Americas, New York, NY.
• Bank of IrelandcoreChannel Partner/ Reseller/ DistributorEVO 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.
• BcicoreChannel Partner/ Reseller/ DistributorEVO 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.
• TouchBistrominorChannel Partner/ Reseller/ DistributorPartnership to provide fully integrated POS and payments solution for restaurants in Mexico.
• Vend POSminorChannel Partner/ Reseller/ DistributorPartnership to provide semi-integrated EMV processing solution through Vend POS system.
• NCCminorChannel Partner/ Reseller/ DistributorPartnership to expand integrated payment offerings to Canada's VAR network.
• EuroBicminorChannel Partner/ Reseller/ DistributorJoint venture to create new card acceptance partnership in Portugal.
• MenusifuminorChannel Partner/ Reseller/ DistributorPartnership to bring EMV-ready solutions to next generation restaurant POS systems.
• VonigominorChannel Partner/ Reseller/ DistributorVonigo named EVO as its preferred card processor for field service businesses.
• eServicecoreTechnology or IntegrationEVO's subsidiary in Poland providing payment solutions. Strategic relationship with POSNET for enterprise payment solutions in Poland.
• iConnectminorChannel Partner/ Reseller/ DistributorEVO Payments International and EVO Snap* partner with iConnect for global retailing solutions.
• BoomtownminorImplementation/ SI/ Consulting PartnerPartnership to simplify tech support for POS resellers and merchants.
• Lime Light CRMminorChannel Partner/ Reseller/ DistributorPartnership to support direct response merchants with integrated payment and CRM solutions.
• Earnest AgencyminorGTM or Marketing PartnerCreative agency partnership for developing 'The Obsessives' marketing campaign recognized with B2B Brave Award for Best Content-Led Digital Experience.
• DelegocoreTechnology or IntegrationEVO acquired Delego to enhance SAP integrated payments, providing market-leading integrated payment solutions for SAP customers with accounts payable automation.
• National Bank of GreececoreChannel Partner/ Reseller/ DistributorEVO acquired majority interest in National Bank of Greece merchant acquiring business, expanding presence in Greece.

Scale indicators10 records

Recent moves10 records

Expansion highlights5 records

Emerging 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

• Xx.com/evopayments
• Facebookfacebook.com/EVOPayments
• LinkedInlinkedin.com/company/evopayments
• Instagraminstagram.com/evopayments

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries10 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A9 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EVO Payments