
TECH BUYER Jul 2020 - IDC Perspective - Doc # US46502520
Payment Consolidation: Bringing Bank and Merchant Payments
By: Aaron Press Research Director, Worldwide Payment Strategies
Abstract
This IDC Perspective looks at the recent trend in M&A among companies in the payments industry. In the past 18 months, a new trend has emerged bringing together bank-based and merchant-based payment technology companies in previously uncommon ways. The deals have been driven by a range of global industry drivers, including scale and efficiency, emerging competition, emerging real-time payment networks, and the growing globalization of payments. As economies emerge from the COVID-19 crisis, the industry will take a fresh look at these business combinations and additional consolidation is likely.
According to Aaron Press, research director, Worldwide Payment Strategies at IDC, "The recent wave of M&A among companies brings to light the fact that bank, corporate, and merchant payments have considerable overlap and that, in many cases, it makes sense to bring these traditionally separate markets together."
Coverage
Subscriptions Covered
Companies Covered
First Data Corporation, FIS Inc., Worldpay LLC, Global Payments Inc., Fiserv, Inc., TSYS Japan Co., Ltd.
Regions Covered
Topics Covered
Analytic applications, COVID-19, Customer relationship management applications, Financial resource management, Technology buyer, eCommerce
Vertical Markets
Content
List of Figures
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