FINTECH MEGADEALS: How FIS-Worldpay, Fiserv-First Data, and Global Payments-TSYS will reshape the payments landscape

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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

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• Western Union has made a takeover offer for MoneyGram

Source
:https://www.businessinsider.in/finance/news/fintech-megadeals-how-fis-worldpay-fiserv-first-data-and-global-payments-tsys-will-reshape-the-payments-landscape/articleshow/74505018.cms;