WP - Global Payments: From Boring To Boardroom
By Ian McDonald, CFA
Research Analyst Ian McDonald discusses the disruption to the global payments industry caused by the digitization of the economy and the growth of e-commerce.
When seeking more evidence of the disruption caused by the digitization of the global economy, one need look no further than last week's acquisition of Worldpay (WP) by FIS (FIS). The $35 billion deal - the largest ever for a financial technology (fintech) company - comes just months after another blockbuster fintech transaction, Fiserv's (FISV) $22 billion takeover of First Data (FDC). Worldpay itself was the result