Analysis of the key themes driving private equity deal activity reveals that online payments accounted for 4 payments deals announced in Q2 2023, worth a total value of $119.9m. The $100m investment by General Atlantic in PhonePe 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 decreased by % in Q2 2023 compared with the previous quarter’s total of and fell by 86% as compared to Q2 2022. Related deal volume remained flat in Q2 2023 versus the previous quarter and was 33% higher than in Q2 2022.

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

18 July 2023