Barclays has completed the acquisition of Egg’s UK credit card assets
Further to the announcement on 1 March 2011, Barclays Bank PLC (barclays.com) on April 28th completed the acquisition of Egg’s UK credit card assets.
Barclaycard, part of Barclays Global and Retail Banking division, is a global payment business catering for the needs of both purchasers and sellers.
It enables retailers and merchants to accept cards, helps customers make payments through card, contactless and mobile applications as well as extending credit to consumers.
The company is one of the pioneers of new forms of payments and is at the forefront of developing viable contactless and mobile payment schemes for today and cutting edge forms of payment for the future. It also issues credit and charge cards to corporate customers and the UK Government. Barclaycard partners with a wide range of organisations across the globe to offer their customers or members payment options and credit. In addition to the UK, Barclaycard operates in the United States, Europe and Africa.
Key facts published in February 2011:
- number of UK customers: 11.2m
- number of International customers: 10.5m
- number of retailer/merchant relationships: 87,000.
Source: Barclays
