In the global payments industry, there were 61 M&A deals announced in Q2 2023, worth a total value of $1.6bn, according to GlobalData’s Deals Database. The $537m acquisition of shinsegae group by viva republica was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.

In value terms, M&A activity decreased by 52% in Q2 2023 compared with the previous quarter’s total of $3.3bn and fell by 36% as compared to Q2 2022. Related deal volume decreased by 12% in Q2 2023 versus the previous quarter and was 15% lower than in Q2 2022.

Notably, digital payments-related deals accounted for a 46% share of the global payments industry’s M&A activity in Q2 2023, registering a flat growth over the previous quarter.

The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Barclays; JPMorgan Chase & Co; Cohen with 2, 2, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Allen & Overy; Alston & Bird; Erdinast, Ben Nathan & Co. Advocates with 3, 3, 2 deals respectively.

For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.