Global Payments to Acquire Worldpay for $24B, Divest Issuer Solutions Unit

Financial Services
Written By Rick Watson

Global Payments Inc. is an American multinational financial technology company that provides payment technology and services to merchants, issuers and consumers.

Worldpay is a leading global payments technology company that provides solutions for businesses to accept payments, make payments, and manage their finances.

Global Payments has announced its acquisition of Worldpay from FIS and private equity firm GTCR for $24.25 billion. As part of the transaction, Global Payments will sell its issuer solutions unit, which offers card processing and account services, to FIS for $13.5 billion. This deal simplifies Global Payments' business model and positions it as a commerce solutions provider for merchants of all sizes. The payment sector is very competitive, and this ensures that Global Payments can offer end-to-end solutions to a combination of both enterprise and clients from Worldpay and continue to service small and mid-sized companies.

WSJ: Global Payments to Acquire Worldpay for $24.25 Billion, Divest Issuer Solutions Unit

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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