Analysis of the key themes driving M&A activity reveals that online payments accounted for 13 payments deals announced in Q2 2023, worth a total value of $682.7m. The $537m acquisition of Shinsegae Group by Viva Republica was the industry’s largest disclosed deal. An overview of the impact of instant payment technology on the payments industry is included in GlobalData’s Instant Payments Market Analysis report along with information on key countries and companies in the sector and instant payment-associated risks and solutions. Buy the report here.

In value terms, online payments-related deal activity increased by 105% in Q2 2023 compared with the previous quarter’s total of $333.6m and rose by 241% as compared to Q2 2022. Related deal volume increased by 30% in Q2 2023 versus the previous quarter and was 30% higher than in Q2 2022.

The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Boston Consulting Group; Jefferies Financial Group; Joseph Gunnar with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Allen & Overy; Clifford Chance; Herrington Carmichael with 2, 1, 1 deals respectively.

For further understanding of GlobalData's Instant Payments Market Analysis, Key Trends, Strategies, and Future Implications, 2022 buy the report here.

18 July 2023