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  1. Deals Analysis
April 30, 2021

Asia-Pacific’s payments industry saw a rise of 92.31% in deal activity during March 2021

By Carmen

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.

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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.

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.

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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