The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

FIS-Worldpay's $43 billion merger a sure sign scale is paramount in payments

Consolidation is due in the fintech payments sector as new specialized companies begin to build scale.


The closure of a $43 billion deal between FIS and Worldpay last week – the biggest deal in the payments M&A space to date – is a sign that consolidation pressure is building in the space.

“With the introduction of instant payments, electronic payments have exploded,” says Jerry Norton, vice-president, financial services, at IT and business process services company CGI.

Jerry Norton-160x186

Jerry Norton,

“But to gain market share, payment providers require scale. One of the quickest and cheapest ways of doing this is to acquire or merge with a company as opposed to developing new and expensive technology themselves.”

Just two days before the FIS-Worldpay merger was finalized on July 31, payments and technology company Fiserv and US financial services company First Data finalized their merger for $22 billion.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree