Mega-Merger Alert: Global Payments Snaps Up Worldpay in $22.7 Billion Game-Changer

Global Payments Inc. is to buy Worldpay in a record deal worth $22.7 billion, one of the biggest deals in the payments space. The purchase will bring Global Payments' strong technology platform and global reach together with Worldpay's large merchant network and worldwide processing capabilities. The deal will create a payments giant, hugely increasing Global Payments' presence in North America as well as worldwide. The combined entity will be able to offer richer payment solutions in a broader spectrum of channels, such as e-commerce, omnichannel, and point-of-sale solutions. The transaction reflects the mounting consolidation in the fintech industry as firms try to scale up and innovate amid mounting competition and changing customer needs. The deal is pending regulatory clearances and usual closing conditions, and both firms have faith in a seamless integration process.

 

Source: Business Upturn