Total payments industry deals for November 2020 worth $9.84bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 582.3% over the previous month and a rise of 316.8% when compared with the last 12-month average of $2.36bn.
In terms of number of deals, the sector saw a drop of 10.5% over the last 12-month average with 34 deals against the average of 38 deals.
In value terms, Europe led the activity with deals worth $9.49bn.
Payments industry deals in November 2020: Top deals
The top five payments deals accounted for 98.3% of the overall value during November 2020.
The combined value of the top five payments deals stood at $9.67bn, against the overall value of $9.84bn recorded for the month.
The top five payments industry deals of November 2020 tracked by GlobalData were:
1) The $9.23bn merger of Nets and Nexi
2) The $200m acquisition of Saudi Digital Payment by The Western Union
3) LGT Lightstone Europe, Square, Tencent Holdings and TIM Ventures’ $110.35m venture financing of Satispay
4) The $90.94m acquisition of Handepay and Merchant Rentals by PayPoint
5) APIS GROWTH FUND II L.P, Smilegate Investment and Y Combinator’s venture financing of Pasfar Technologies for $35.3m.
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.