How to handle & symbol in payment file xsl template

Summary:

Need to replace '&' symbol with 'and' in payee name and address fields.

We have tried

<xsl:variable name="ampsymbol"
select="'&amps;'"/>

<Nm>
<xsl:choose>
<xsl:when test="contains(Payee/Name ,$ampsymbol)">
<xsl:value-of select="translate(Payee/Name,$ampsymbol,'AND')"/>
</xsl:when>
<xsl:otherwise>
<xsl:value-of select="Payee/Name"/>
</xsl:otherwise>
</xsl:choose>
</Nm>

This is not working. getting the name as like **** & YYYY. I need to get this worked as **** AND YYYY

Please share any inputs in achieving this.

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