PaymentsSource: Fintech M&A zeal causes payments stocks to surge

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31 May 2019
new york, United States

Fintech M&A zeal causes payments stocks to surge

PaymentsSource, Michael Moeser, Friday, 31 May 2019

The stocks of a wide swath of publicly traded payments companies are rising faster than the overall S&P 500 index, potentially fueled by several mega mergers in the first half of 2019.

A number of payments firms — including many that are facing heavy competition, such as Diebold and NCR — are seeing their stocks rise as significant M&A activity in the sector is driving interest. This year’s payments M&A activity was jump-started by the Fiserv $22 billion acquisition of First Data announced in January, followed by the $43 billion FIS-Worldpay deal and most recently the $21.5 billion Global Payments deal for TSYS.

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News article details

Corporate Banking, Retail Banking
Media Type
News Articles
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America