Competitor Profile: Worldpay

Competitor Profile: Worldpay

Summary

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 -

• Detailed insight into its business
• Comprehensive coverage of its products and services
• Comparative assessment with key alternative payment solutions
• Information on its performance, including its revenue model
• The company's important events and milestones

Scope

• In 1971, Midwest Payments Systems was formed by Fifth Third Bank to provide ETF services to financial institutions.
• In 2003, Midwest Payment Systems was renamed as Fifth Third Processing Solutions.
• In June 2011, Fifth Third Processing Solutions was renamed as Vantiv.
• In January 2018, Vantiv completed acquisition of Worldpay Group plc. Following the acquisition, the combined company was named Worldpay, Inc.

Reasons to buy

• Gain insights into Worldpay's business operations and key events.
• Gain insights into its product portfolio and revenue model.
• Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.