ADP Acquires Global Cash Card For Digital Payments


Quick Take

Payroll and talent management company ADP (ADP) has announced it has acquired Global Cash Card for an undisclosed amount.

Global Cash Card has created a direct digital payment processing system for paycards used by businesses of all sizes.

With the deal, ADP gains a significant player in the paycard space to add to its existing solution as it pursues a younger demographic and adjacent opportunities such as the underbanked and ‘gig economy’ workforce.


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