Payments

KeyBank acquires Xup Payments

December 1, 2021

KeyBank National Association, a financial services company, has officially acquired Xup Payments, a digital platform for business-to-business payments. With this acquisition, Key plans to deliver more fintech services to its clients, according to a press release.

"We are thrilled to be partnering with an innovator like Key," Chris May, president, Xup, said in the release. "Our end-to-end software solutions, combined with Key's scale and deep financial services expertise, will perfectly blend to provide clients a best-in-class payment experience. This partnership is unique in the industry and, together, we are ready to embark on this next phase of growth to pioneer remarkable digital experiences across a series of products and services."