It’s a race to the top in the international payments industry.
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Payments Ecosystem
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The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
Curated by
Vineet Anand
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First Data is to acquire Brazilian eftpos manufacturer and software application developer Software Express.
Vineet Anand's insight:
FirstData acquires Software Express in Brazil!
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First Data Corporation (NYSE: FDC) reported better-than-expected Q4 results helped by solid performance from its Global Business Solutions division. The company's stock has increased marginally in the pre-market hours after the earnings announcement.
Vineet Anand's insight:
First data reports Q4 results with 8% growth in Global Business Services YOY boosted by LATAM market growth for Clover POS. Recent purchase by Fiserv for $22 million will drive further growth in the US market which accounts for 77% of the business. Overall FD improved on its debt reducing it by ~8%!
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Move would be bank’s first major deal since the onset of the financial crisis in 2008
Vineet Anand's insight:
First Data and AIB join forces in a $100 million bid for Payzone!
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Fiserv is acquiring First Data in a transaction valued at $22 billion, a deal that would combine two companies that focus on payments and financial-services technology.
Vineet Anand's insight:
2019 starts with unexpected news of Fiserv acquiring First Data for a $22 billion stock deal! KKR will finally be able to exit from its investment in First Data, which today has revenues of $15 billion with debt of $17 billion.
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Finextra: First Data's share price got off to an unspectacular start on the payment processor's market debut after it priced its initial public offering below the expected range.
Vineet Anand's insight:
FDC (First Data) currently trading at $15.75, below the IPO at $16/share. FDC was bought out by KKR in 2007 in a $26 billion deal and today is valued at ~$14 billion with $18 billion of debt used to finance. The interest bearing debt costs the company $900 million in just the 6 months of 2015, weighs heavily on its books.
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Finextra: Jack Dorsey's payments startup Square has filed for an initial public offering as it prepares to list on the New York Stock Exchange.
Vineet Anand's insight:
SQ is the ticker for Square and will be listed on NYSE. The news comes right on the heels of First Data pricing its IPO at $16 per share and with Jack Dorsey taking the CEO helm at Twitter in addition to his CEO role at Square.
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Finextra: Payments processor First Data has filed for an IPO that could be worth billions, just eight years after the company went private in one of the biggest leveraged buy-outs ever seen.
Vineet Anand's insight:
PayPal's now has a market cap of close to $50B; Can First Data IPO have a greater market cap than PayPal considering 45% of US credit card transactions are handled by FD and has six million merchants with a likely transaction size higher than PayPal's average of ~$63 across PayPal's 7 million merchant base.
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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Payments Ecosystem
The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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Making sense of FIS purchase of Worldpay.. FIS being the largest financial tech provider and Worldpay by transactions is largest. Combined will deliver $12B in revenues and ~$5B EBITA.
Organic growth of ~8 to 9% in 3 years with revenue synergies will deliver $15B.
Worldpay will give access to FIS in emerging markets like Brazil and India, create operational synergies, and fund additional value creation opportunities.
FIS bet with Worldpay aims at capturing a larger pie of the $3 Trillion eCommerce payments, and emerging markets right at the heels of Fiserv's announcement earlier this year!
This positions TYS, Global Payments for potential acquisition as consolidation in Payments ecosystem thrives!