PaymentsSource: 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.