Dollar Financial is buying online payday loan business, Purpose U.K. Holdings, The Wall Street Journal reports. The U.S. international financial services firm will pay a total of $195 million for the acquisition. The buyer is expecting to boost its earnings and to update its profit outlook after the closure of the transaction. Earlier in December, Dollar Financial had also agreed to acquire Sefina Finance for about $73 million to expand its pawn lending business in Sweden and Finland.

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