Total payments industry M&A deals worth $2.11bn were announced globally in March 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 842% over the previous month of $224m and a drop of 10.2% when compared with the last 12-month average, which stood at $2.35bn.
Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.35bn. At the country level, the US topped the list in terms of deal value at $760.64m.
In terms of volumes, Asia-Pacific emerged as the top region for payments industry M&A deals globally, followed by North America and then Europe.
The top country in terms of M&A deals activity in March 2021 was the US with five deals, followed by the India with three and Malaysia with three.
In 2021, as of March, payments M&A deals worth $4.95bn were announced globally, marking an increase of 62% year on year.
payments industry M&A deals in March 2021: Top deals
The top five M&A deals accounted for 75.6% of the overall value during March 2021.
The combined value of the top five payments M&A deals stood at $1.59bn, against the overall value of $2.11bn recorded for the month.
The top five payments industry M&A deals of March 2021 tracked by GlobalData were:
1) China Telecommunications’ $595.62m acquisition of E-surfing Pay
2) The $595m merger of Cipher Mining Technologies and Good Works Acquisition
3) Shinsei Bank’s $230.65m acquisition of Latitude Financial Services Australia Holdings
4) The $165.57m acquisition of BankCard USA Merchant Services by Quisitive Technology Solutions
5) CannaOne Technologies’ acquisition of Direct Agent five for $7.9m.
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.