MGI Research

Thursday, Oct 19th

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FinTech Summer Heat: European Payments Unicorns Become Banks; Investment, M&A Activity Heating Up

Euro MoneyAt a time when European and US finance communities traditionally head for the beach, the past several weeks saw a flurry of M&A and other strategic moves in the payments sector. Vantiv, Worldpay, Klarna, JPMorgan Chase, Adyen, MasterCard, and Vocalink all made headlines. 

In light of a recent spike of strategic activity in FinTech, mer-chants, payment tech firms, and their industry partners all need to re-evaluate their payments strategies. The payments landscape has fundamentally changed, and more announcements are likely in the near future. When it comes to payment management, most organizations are under-resourced, strategically ill-prepared, and operationally challenged. Recent events, and those that are po-tentially on the horizon, should be a wake-up call for merchants, technology and services providers to dedicate more focus and capital to the payments space.

Key events reviewed in this research note (see attached below):

  • Vantiv bids $10 billion for Worldpay 
  • Klarna gets a banking license
  • Adyen gets a banking license
  • MasterCard completes acquisition of Vocalink 
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