It’s a race to the top in the international payments industry.
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Payments Ecosystem
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The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
Curated by
Vineet Anand
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A consortium led by U.S. buyout firm Hellman & Friedman agreed to acquire Denmark’s Nets for about $5.3 billion, the latest bet by private equity on the payments-processing sector.
Vineet Anand's insight:
Nets sale to Private Equity firm showcases interest in payment processing ecosystem following recent Worldpay $10.4 billion acquisition by Vantiv, Paysafe acquisition by Blackstone, Bambora purchase by Ingenico...
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Finextra: UK payments processor WorldPay is to move into the alternative finance market through an alliance with small business cash advance outfit Liberis.
Vineet Anand's insight:
The LSE IPO debut valued WorldPay at PS5 billion post a period of potential acquisition considerations by WP. SME lending is becoming a natural extension for a number of SME payment players across US and Europe. The partnership with Liberis will aid in serving a need for some of its 280,000 SME businesses and a more loyal base of customers!
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Finextra: Researchers at Worldpay are investigating the use of facial recognition technology to help combat card fraud in stores across the UK.
Vineet Anand's insight:
Pin entry device camera for face recognition with learning capabilities that improves the biometric image over time! Biometric identification serves both online and offline check-out points; consumer adoption in online can reduce CNP fraud and treat transaction as card-member present?
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Finextra: The private equity owners of Worldpay are reconsidering their planned mega-flotation of the British payments company as French rival Ingenico drums up funds for a £6.6 billion takeover bid.
Vineet Anand's insight:
Ingenico tables a bid of PS6.6 billion for WorldPay takeover. The offer has prompted private equity investors to call off the IPO announcement last week!
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German payments processor Wirecard AG has joined the bidding for U.K. rival Worldpay Ltd., according to people with knowledge of the matter.
Vineet Anand's insight:
WorldPay has some options to consider - go IPO route or seek bids including one from WireCard. IPO will likely be the route!
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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Payments Ecosystem
The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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Making sense of FIS purchase of Worldpay.. FIS being the largest financial tech provider and Worldpay by transactions is largest. Combined will deliver $12B in revenues and ~$5B EBITA.
Organic growth of ~8 to 9% in 3 years with revenue synergies will deliver $15B.
Worldpay will give access to FIS in emerging markets like Brazil and India, create operational synergies, and fund additional value creation opportunities.
FIS bet with Worldpay aims at capturing a larger pie of the $3 Trillion eCommerce payments, and emerging markets right at the heels of Fiserv's announcement earlier this year!
This positions TYS, Global Payments for potential acquisition as consolidation in Payments ecosystem thrives!