Bolting on Technology While Chasing Scale
An Analysis of M&A Trends in the Payments Ecosystem The global payments industry has seen a blockbuster 2017 with transaction volumes up 174% through the third quarter. While large deals drive most of the headlines and transaction volume, the number of deals have remained relatively flat over the last ten years. This analysis seeks to understand which segments of the payments ecosystem are driving M&A activity, how it has evolved over time, and the strategic rationale for both public and private [...]