Total payments industry deals for August 2020 worth $2.65bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 150.6% over the previous month and a rise of 9.3% when compared with the last 12-month average of $2.42bn.
In terms of number of deals, the sector saw a rise of 14.3% over the last 12-month average with 40 deals against the average of 35 deals.
In value terms, North America led the activity with deals worth $1.53bn.
Payments industry deals in August 2020: Top deals
The top five payments deals accounted for 89.1% of the overall value during August 2020.
The combined value of the top five payments deals stood at $2.36bn, against the overall value of $2.65bn recorded for the month.
The top five payments industry deals of August 2020 tracked by GlobalData were:
1) The merger of FinTech AcquisitionIII and Paya for $1.3bn
2) The $753.06m acquisition of Afterpay by Mitsubishi UFJ Financial Group
3) Seven Bank’s $106.77m venture financing of Kammu
4) The $100m acquisition of Mobeewave by Apple
5) Eldridge Industries, Generation Partners, Ziegler LinkAge Fund II and L.P’s venture financing of PayActiv 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.