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  1. Deals Analysis
March 31, 2022

Asia-Pacific’s payments industry saw a rise of 14.29% in deal activity during February 2022

By Carmen

Asia-Pacific’s payments industry saw a rise of 14.29% in deal activity during February 2022, when compared with the last 12-month average, led by Everi Holdings’ $30.41m acquisition of Ecash, according to GlobalData’s deals database.

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A total of 24 payments industry deals worth $119.8m were announced for the region in February 2022, against the 12-month average of 21 deals.

Of all the deal types, venture financing saw most activity in February 2022 with 15 transactions, representing a 62.5% share for the region.

In second place was M&A with eight deals, followed by private equity deals with one transactions, respectively capturing a 33.3% and 4.2% share of the overall deal activity for the month.

In terms of value of deals, venture financing was the leading category in Asia-Pacific’s payments industry with $84.09m, followed by M&A deals totalled $35.66m.

Asia-Pacific payments industry deals in February 2022: Top deals

The top five payments deals accounted for 75.5% of the overall value during February 2022.

The combined value of the top five payments deals stood at $90.41m, against the overall value of $119.8m recorded for the month.

The top five payments industry deals of February 2022 tracked by GlobalData were:

1) Everi Holdings $30.41m acquisition deal with Ecash

2) The $17m venture financing of MOVii by Jack Dorsey

3) Avenir Growth Capital,Harmony,Mercury,Olive Tree Capital,Orios VP and Rampp $15m venture financing deal with Karbon Card

4) The $15m venture financing of RapiPay Fintech by DLF Family Office,Rahul Gautam,Rohan Kumar and Varun Jaipuria

5) Graph Ventures,Maple Leaf Capital,MSA Novo,Saison Capital,Warren Hogarth and Zayn Capital $13m venture financing deal with NayaPay

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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