The payments industry is poised for a record-breaking year in acquisitions as fintech startups and COVID-19 drive business change for large legacy players.
Merger and acquisition research firm Dealogic recorded 125 acquisitions through early September, before a recent spate of acquisitions over the past week, including acquisitions announced by card giant Mastercard, payments processor Global Payments and digital behemoth PayPal. That puts the industry on track to easily surpass the 133 acquisitions recorded for 2020.
