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.