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  1. Deals Analysis
May 4, 2021

Payments industry M&A deals total $1.41bn in Asia-Pacific in Q1 2021

By Carmen

Total payments industry M&A deals worth $1.41bn were announced in Asia-Pacific in Q1 2021, led by China Telecommunications’ $595.62m acquisition of E-surfing Pay, according to GlobalData’s deals database.

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The value marked an increase of 6,030.43% over the previous quarter and a rise of 83% when compared with the last four-quarter average of $770.5m.

Asia-Pacific held a 28.48% share of the global payments industry M&A deal value that totalled $4.95bn in Q1 2021. With a 13.05% share and deals worth $646.14m, China was the top country in Asia-Pacific’s M&A deal value across payments industry.

In terms of deal activity, Asia-Pacific recorded 21 deals during Q1 2021, marking an increase of 162.50% over the previous quarter and a rise of 115.38% over the last four-quarter average. the Philippines recorded four deals during the quarter.

Asia-Pacific payments industry M&A deals in Q1 2021: Top deals

The top five payments industry M&A deals accounted for 63.3% of the overall value during Q1 2021.

The combined value of the top five M&A deals stood at $893.66m, against the overall value of $1.41bn recorded for the quarter.

The top five payments industry deals of Q1 2021 tracked by GlobalData were:

1) China Telecommunications’ $595.62m acquisition of E-surfing Pay

2) The $230.65m acquisition of Latitude Financial Services Australia Holdings by Shinsei Bank

3) Shandong Jiangquan Industrial’s $50.52m acquisition of Beijing Xinhuo Technology

4) The $8.98m acquisition of Payments Technology Services by Tech Mahindra

5) CannaOne Technologies’ acquisition of Direct Agent five for $7.9m.

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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