The boards of Vantiv and Worldpay have reached an agreement to create one of the world's largest payments processors through a £9.3bn deal.

The enlarged company will operate under the Worldpay corporate name, and process approximately US$1.5tn in payment volume and 40bn transactions per year through more than 300 payment methods in 146 countries and 126 currencies. It will have combined net revenue of over $3.2bn.

The company's global and corporate headquarters will be in Cincinnati, Ohio, with London becoming its international headquarters.

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