4th November, 2020
Payment specialists are taking vital initiatives to meet merchants’ local and global needs by strengthening their competency across a spate of key areas including digital payment capabilities, cybersecurity and fraud prevention.
This week Worldline has welcomed Ingenico . The group has expanded the coverage of its payment value chain and its expertise in cross-border acquiring with Ingenico’s global exposure to online commerce.
Also, Nuvei has completed the previously announced acquisition of Smart2Pay Global Services to expand its geographic footprint.
COVID-19 is being tipped to remain an active driver for investment, particularly in the fintech segment.
All this means that specialists are gearing up to support merchants in several areas - transaction routing, authorisation rates and the ability to roll out new payment methods quickly and seamlessly.
Last year witnessed a couple of mega-mergers in this arena. One was the US$42.5b acquisition of WorldPay by FIS. And the other one was the US$22 billion acquisition of First Data by Fiserv.