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Over the past few weeks the payments sector has been a hive of activity as industry giants consolidate and as private equity players place large bets in this growing and transforming industry. Two such deals are Worldpay’s acquisition by Vantiv, a US rival, for £9.1bn and CVC and Blackstone’s £3bn bid for Paysafe.
As the payments business moves from cash to digital, companies are looking for scale, often on a global basis, and new technology as the business shifts towards software and services and as Fintech brings in new competitors, higher customer expectations and new business opportunities.
This latest report looks at the underlying rationale for these recent moves, comments on the issues facing the acquiring companies and highlights the key implication for Software and IT Services suppliers into this sector.
Subscribers to FinancialServicesViews can access “FintechViews – Why all the M&A in Payments”, here.
TechMarketView will be publishing a detailed analysis of the payments market in the Autumn.
Posted by Peter Roe at '08:40' - Tagged: payments M&A digital transformation FinTech