Challengers get ready, FIS-Worldpay wants you
14 February 2023
FIS announced on 13 February 2023 that it will spin off its payment processing solutions unit, Worldpay. Following this move, we expect the consolidation wave in the payment industry to intensify.
The failed merger highlights the difficulties of the legacy payment companies in keeping pace with innovative payment solutions. Equipped with its own balance sheet, Worldpay will be finally free to pursue more acquisitions. Challengers with a market cap below $10bn, our preferred segment in Mobile Payments, will be the main targets.
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