Analysis of the key themes driving M&A activity reveals that online payments accounted for 8 payments deals announced in Q3 2023, worth a total value of $610m. The $610m acquisition of PayU Global by Rapyd was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.

In value terms, online payments-related deal activity decreased by 11% in Q3 2023 compared with the previous quarter’s total of $682.7m and rose by 19% as compared to Q3 2022. Related deal volume decreased by 38% in Q3 2023 versus the previous quarter and was 43% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in Q3 2023 were Jefferies Financial Group; Joseph Gunnar; KPMG International Coop with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Allen & Overy; Clifford Chance; Herrington Carmichael with 3, 1, 1 deals respectively.

For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

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By GlobalData

20 October 2023