Global Payments Offers Worldpay

The history of the UK's Worldpay payment service provider is marked by a lot of twists. Purchased by the American FIS in 2019, then partially resumed in 2023, Worldpay has just found a new buyer, Global Payments. This operation represents a major strategic merger between two payment giants.

FACTS

• Global Payment Financial Technology Company has just announced that it has entered into an agreement to purchase the Wordpay Payment Service Provider from FIS (Fidelity National Information Services) and the US private equity fund GTCR which had obtained 55% of shares in 2023.

• This transaction would have been concluded for almost $23 billion. In parallel, FIS acquires Global Payments' Issuer Solutions business for $13.5 billion. GTCR will retain a 15% interest in Global Payments.

• The sale should be finalized in the first half of 2026, subject to the approval of the regulatory authorities and the usual closing conditions. The finalisation of the two transactions, the acquisition of Worldpay by Global Payments and the acquisition of Issuer Solutions by FIS, are conditioned by each other.

ISSUES

• Consolidate positions : In addition to the European market, this acquisition aims to strengthen Global Payments' position in the global payments market by integrating Worldpay's technological capabilities and customers. It will also enable Global Payments to expand its service portfolio and become a global provider of solutions for traders, serving an expanded customer base with enhanced capacity in e-commerce, payments to SMEs and integrated solutions.

• Creating a Giant : This buyback gives rise to a payment giant capable of serving more than six million customers and processing nearly 94 billion transactions each year for a volume of $3,700 billion in more than 175 countries, according to Global Payments.

• Redistributing cards This buy-back agreement therefore concerns several players, FIS, Global Payments, Worldpay and GTCR. It redefines the roles of each party in the payments and financial technology sector. GTCR intends to reinvigorate WorldPay by separating it from FIS after the company has made progress over the past two years in developing e-business capabilities and strengthening fraud prevention tools. Global Payments will have to help it continue its efforts and strategy in this direction.

PERSPECTIVE

• Worldpay's history is marked by many adventures as the band became Worldpay Inc in 2017 following its repurchase by the American company Vantiv. In 2019, it is FIS, another American giant, sui resumed Finally Worldpay for $43 billion and thus signed a major operation for the sector.

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