Paysafe Stock Upgraded to Trading in the FTSE 250 Index

UK listed payment solutions provider, Paysafe Group plc (LSE: PAYS), has announced that it is joining the FTSE 250 Index from the start of trading today.

Paysafe's inclusion in the Index was announced by FTSE Russell on 2 March 2016. This follows Paysafe's admission to the premium listing segment of the Official List of the UK Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term on 23 December 2015.

Paysafe is a provider of digital Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and transaction-related solutions to businesses and consumers around the world, offering multi-platform products which focus on emerging payment technologies including mobile.

Paysafe President and Chief Executive Officer Joel Leonoff said: "Today marks yet another milestone for our growing payments business. We are delighted to be entering the FTSE 250 following the strong performance over the past year as our business continues to mature."

The company’s inclusion in the index follows the recent release of its preliminary results for the year ended 2015 which reported an increase year-on-year over 2014 across a number of key financial areas, paralleled with a continuing strong momentum into 2016. Paysafe’s recent acquisition of the Skrill Group and Dallas-based MeritCard Solutions LP in February 2016 have been key strategic moves in expanding the company's payment processing sales capabilities and partner relationships in North America and across the world.