Barclays partners with Brookfield to enhance payment acceptance business, investing £400m

From Yahoo Finance.: 2025-04-21 10:32:00

Barclays has partnered with Brookfield Asset Management to enhance its payment acceptance business as a standalone entity, investing nearly £400m($531.8m) into the venture. Brookfield may acquire up to a 70% ownership stake in the business after the initial three years. Barclays plans to maintain a 20% stake post-sale. The collaboration aims to provide integrated connectivity and tailored technological solutions for clients. The deal with Brookfield marks the first transaction for BFIP, Brookfield’s private equity division focused on digital assets. This move aligns with Barclays’ three-year plan to become a simpler, better, and more balanced bank.



Read more at Yahoo Finance.: Barclays enters deal with Brookfield for payments acceptance business