Competitor Profile: Worldpay
Worldpay, Inc. is a global merchant acquiring and payment processing company that provides in-store, online, and mobile payment solutions to merchants and financial institutions. In January 2018, Vantiv completed acquisition of Worldpay Group plc, one of the world’s leading technology-led payment solution providers, and the combined company was named as Worldpay, Inc. The company processes over 40 billion transactions annually, supporting more than 300 payment types across 146 countries and 126 currencies. Worldpay is the largest merchant acquirer globally in terms of number of transactions: in the US alone, it accounted for 21% of merchant acquiring transaction volumes in 2018.
Worldpay provides various services to merchants, including retail, restaurant, government, online retail, and business-to-business (B2B) services. Moreover, the company provides these services to businesses of all sizes, from small businesses to multinational corporations. It also provides its services to financial institutions such as regional banks, community banks, and credit unions.
US-based financial services technology company Fidelity National Information Services (FIS) announced the acquisition of Worldpay, Inc. in March 2019 for a consideration of $43bn including debt, making it one of the biggest deals in the payment space. The acquisition was completed in July 2019. This deal is just one of the major acquisitions to have taken place in the payment processing market in 2019, highlighting the trend towards large-scale consolidation in the industry.
The report provides information and insights into Worldpay including -
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