Total payments industry cross border deals worth $1.1bn were announced globally for August 2022, with The Saudi Public Investment Fund $379.06m private equity deal for 25% stake in e-finance for Digital and Financial Investments S.A.E. being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 91% over the previous month of $586.48m and a drop of 77.8% when compared with the last 12-month average of $5.04bn.
In terms of number of cross border deals, the sector saw a drop of 25.64% with 29 deals in August 2022 when compared to the last 12-month average of 39 deals.
In value terms, Asia-Pacific led the activity with cross border deals worth $544.3m in August 2022.
payments industry cross border deals in August 2022: Top deals
The top five cross border deals accounted for 82.2% of the overall value during August 2022.
The combined value of the top five cross border deals stood at $919.06m, against the overall value of $1.1bn recorded for the month.
The top five payments industry cross border deals of August 2022 tracked by GlobalData were:
1) The Saudi Public Investment Fund $379.06m private equity deal for 25% stake in e-finance for Digital and Financial Investments S.A.E.
2) The $250m venture financing of PT Espay Debit Indonesia Koe by Lazada Group and Sinar Mas
3) Norwest Venture Partners, Piramal Capital and Housing Finance and The Rise Fund $110m venture financing deal with Early SalaryLtd.
4) The $100m venture financing of Nakhla IT Systems by Checkout, Coatue Management, Endeavor Catalyst, Sanabil Investments and Shorooq Partners
5) Vontier $80m acquisition deal with Invenco Group