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Mergers and acquisitions (M&As) in the payments industry reached a record high in 2019. M&A deals spiked from $31.8 billion in H1 2018 to a total of $116.6 billion in H1 2019, per Dealogic.
Three deals made up the majority of funding activity: Fiserv bought First Data for $22 billion, FIS acquired Worldpay for $43 billion, and Global Payments scooped up TSYS for $21.5 billion. Of note, although these deals didn’t close until the back half of the year, Dealogic includes the activity in H1 2019’s total, when the deals were presented; Dealogic’s deal values also differ slightly from the closing values.See the rest of the story at Business Insider
LendingArch plans US expansion even as many alt lenders suffer from pandemic-related lossesStarling’s plan to reach profitability in early 2021 and launch an IPO have been delayed by the coronavirusUK Parliament is concerned about potential effects of the pandemic on the UK’s cash infrastructure
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