Business Insider Intelligence
- This is a preview of Fintech Megadeals research report from Business Insider Intelligence.
- Purchase this report.
- Business Insider Intelligence offers even more fintech coverage with Fintech Pro. Subscribe today to receive industry-changing finance news and analysis to your inbox.
Mergers and acquisitions (M&As) in the payments industry reached a record high in 2019. M&A deals spiked from $31.8 billion in H1 2018 to a total of $116.6 billion in H1 2019, per Dealogic.
Three deals made up the majority of funding activity: Fiserv bought First Data for $22 billion, FIS acquired Worldpay for $43 billion, and Global Payments scooped up TSYS for $21.5 billion. Of note, although these deals didn't close until the back half of the year, Dealogic includes the activity in H1 2019's total, when the deals were presented; Dealogic's deal values also differ slightly from the closing values.
See the rest of the story at Business Insider
See Also:
- Lloyd's has unveiled the insurtechs that'll take part in its fifth accelerator program
- UK ATM penetration will decline alongside cash usage due to the pandemic
- Revolut's losses tripled in 2019, but its user base nearly did too
from Business Insider https://ift.tt/2N0KZwA
No comments:
Post a Comment