After a flurry of activity in the past year and a half to establish itself as a global payments processor, EVO Payments International LLC plans to move into the Spanish market with a proposed acquisition of Banco Popular's merchant acquiring business.

EVO Payments will acquire a controlling interest in the Madrid-based bank's acquiring business, as well as enter a 10-year marketing alliance in which the bank will refer its merchant customers to the joint venture, the New York-based processor and merchant acquirer announced Dec. 28.

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