Shazam sheds merchant services to focus on debit

Shazam sheds merchant services to focus on debit

The network company divested its merchant services portfolio this month to concentrate on its core business.

ICICI Bank Exits Payment Processing Arm ICICI Merchant Services

ICICI Bank Ltd. has completed the sale of its entire 19% stake in ICICI Merchant Services Pvt., according to an exchange filing on Thursday.The bank executed a share purchase agreement with First Data Holding I (Netherlands) B.V. and First Data (India) Pvt. as well as Fiserv Merchant Solutions Pvt., to whom the stake was sold.With this transaction, ICICI Bank will not hold any shares in ICICI Merchant Services, which is no longer an associate of…