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  1. Deals Analysis
April 27, 2021

Payments industry cross border deals total $1.08bn globally in March 2021

By Carmen

Total payments industry cross border deals worth $1.08bn were announced globally for March 2021, with the $230.65m acquisition of Latitude Financial Services Australia Holdings being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 170.6% over the previous month of $399.12m and a drop of 52.8% when compared with the last 12-month average of $2.29bn.

In terms of number of cross border deals, the sector saw a rise of 94.44% with 35 deals in March 2021 when compared to the last 12-month average of 18 deals.

In value terms, North America led the activity with cross border deals worth $440.27m in March 2021.

payments industry cross border deals in March 2021: Top deals

The top five cross border deals accounted for 80.4% of the overall value during March 2021.

The combined value of the top five cross border deals stood at $866.22m, against the overall value of $1.08bn recorded for the month.

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

1) Shinsei Bank’s $230.65m acquisition of Latitude Financial Services Australia Holdings

2) The $200m private equity deal with Airtel Mobile Commerce by The Rise Fund

3) 9Yards Capital, Avenir Growth Capital, DST Global, Early Capital, Green Visor Capital ManagementLLC, Greycroft Partners, Insight Partners, Salesforce Ventures, Tiger Global Management, Tiger Management and Worldpay’s $170m venture financing of Flutterwave

4) The $165.57m acquisition deal of BankCard USA Merchant Services by Quisitive Technology Solutions

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

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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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