Deals
Global Payments Inc. Seen as Next Big Target for Fintech Merger
- TSYS-JPMorgan could be a good fit, MoffettNathanson says
- E-commerce, consumer demand push M&A in payment processors
This article is for subscribers only.
On the heels of two mega-mergers among payment processing companies, investors are asking: Why is this happening and who’s next?
That’s the view of MoffettNathanson analyst Lisa Ellis, who wrote in a report Wednesday that the "why" behind Fiserv Inc.’s planned $22 billion purchase of First Data Corp and Fidelity National Information Services Inc.’s $43 billion acquisition of WorldPay Inc. is simple. Rapid e-commerce growth, the digitization of payments in Europe, Latin America and Asia, and consumer demand for capabilities such as “order ahead” are causing deals to flourish.