The payments industry continues to undergo a transformative period marked by rapid technological advancements, changing consumer preferences and ongoing economic turbulence. In this article, we aim to provide insights into the mergers and acquisitions (M&A) landscape within this dynamic sector. Volker Schloenvoigt (Director, London) and Euan Jones (Business Analyst, London) explore the trends that we have observed in M&A activity in the payments industry, examine the highlights of 2022, and offer our expectations for the remainder of 2023.
After years of monitoring and commenting on M&A activity in the payments industry, Volker Schloenvoigt (Director, London) and EDC’s Investors & Private Equity Practice decided not just to monitor a few big acquisitions but also the large number of smaller deals and investments from seed funding to Series E. In this article, Volker introduces the EDC M&A database and the initial trends observed in 2023.
Worldpay changes ownership for the 6th time after the announced spin-off from FIS. Volker Schloenvoigt (Director, EDC London) is looking at the reasons behind that latest transaction
The Canadian technology firm Nuvei has entered definitive agreement to acquire Paya, a U.S. leading provider of integrated payment solutions. This acquisition is expected to create a comprehensive suite of payment solutions and services, adding value to Nuvei's existing offerings to merchants and clients. In particular, it is expected that Nuvei will leverage Paya's existing infrastructure, clients, and technology to grow its capabilities in the integrated payment software as well as the B2B payments markets.
Leading financial services provider that enables local and cross-border payments
In this month’s M&A update, Euan Jones (Business Analyst, London) looked at the near-final $1.7bn acquisition of BillTrust. In contrast to 2022’s downturn in payment company valuations and investing activity, the BillTrust deal is another example that meaningful and notable acquisitions are still happening.