Investments in Merchant Processing, Acquiring—2024
In 2024, the value of 67 investment transactions for which the monetary value was announced amounted to $5.51 billion. This compares to 85 deals with announced values totaling $8.90 billion in 2023.
Area of Interest: Investments & Acquisitions
Discover Financial Services Results—2024
Total credit card volume (purchases and cash advances) was $224.58 billion for Discover Financial Services (DFS) in 2024, a decline of 3.5%. Cash advances were 5.49% of total volume, down from 6.39% in 2023. Outstanding credit card receivables at year-end 2024 were up 0.5% to $102.79 billion.
Crédit Agricole and Worldline Merchant JV
France is the largest payment card market in the European Economic Area with purchase volume exceeding $770 billion annually. However, card acceptance and merchant acquiring in France is poised for disruption.
Payment Card Acquisitions and Financing Deals in 2023
There were 42 acquisitions and financing deals involving consumer and commercial credit, debit and prepaid card issuance and card account processing in 2023.
Advent Wants Nuvei
Nuvei processed more than $200.00 billion in payments (up nearly 59%) and generated $1.19 billion in revenue (up 41%) in 2023.
Investments in Merchant Acquiring, Processing—2023
In addition to the investment deals shown here, there were 75 merger and acquisition transactions in the merchant acquiring and processing sector last year.
M&A in Merchant Processing and Acquiring—2023
There were 25 deals in the US, 23 in Europe, 12 in Asia-Pacific, 7 in the Middle East and Africa, 6 in Latin America and 2 in Canada.
Visa to Acquire Pismo
Brazil-based banking and payment software provider Pismo will be acquired by Visa for $1 billion in cash. The transaction is expected to close by the end of 2023.
Pismo received $118 million in two rounds of funding (2016 and 2021) from investors including Accel Partners, Amazon and Softbank.
Acquisitions and Financing Deals in Payment Cards — 2022
There were 54 acquisitions and financing deals in payment cards last year in 13 countries.
Investments in Merchant Acquiring, Processing—2022
The tables shown here list 123 investments (seed, venture, strategic, private equity and debt funding) in 37 countries in the merchant acquiring and processing sector of the payment card industry in 2022.
