Asia-Pacific’s payments industry saw a rise of 92.31% in deal activity during March 2021, when compared with the last 12-month average, led by China Telecommunications’ $595.62m acquisition of E-surfing Pay, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 25 payments industry deals worth $1.84bn were announced for the region in March 2021, against the 12-month average of 13 deals.

Of all the deal types, M&A saw most activity in March 2021 with 15 transactions, representing a 60% share for the region.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was venture financing with nine deals, followed by private equity deals with one transactions, respectively capturing a 36% and 4% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Asia-Pacific’s payments industry with $1.35bn, while venture financing and private equity deals totalled $448.26m and $47.71m, respectively.

Asia-Pacific payments industry deals in March 2021: Top deals

The top five payments deals accounted for 65.1% of the overall value during March 2021.

The combined value of the top five payments deals stood at $1.2bn, against the overall value of $1.84bn recorded for the month.

The top five payments industry deals of March 2021 tracked by GlobalData were:

1) China Telecommunications’ $595.62m acquisition of E-surfing Pay

2) The $230.65m acquisition deal with Latitude Financial Services Australia Holdings by Shinsei Bank

3) Ant Group, Fang Boyuan, Huaxing New Economy Fund, Innovation Works Development Fund, Northern Light Venture Capital, SAIF Investment Fund and Yuanyi Capital’s $154.51m acquisition of Shanghai Meixin Health Technology

4) The $120m venture financing of Paidy by JS Capital Management, Soros Capital Management, Tybourne Capital Management (HK) and Wellington ManagementLLP

5) ANZi Ventures, Greenoaks Capital Management, Grok Ventures and Skip Capital’s venture financing of Airwallex for $100m.