The global payments and processing industry heating up.
Following the recent all-stock “merger of equals” deal between Global Payments and Total System Services, which created a $40 billion company, the fintech industry is poised for further growth and consolidation as consumers, vendors, brands suppliers search for more payment options, flexibility and choice.
In the retail and fashion space, the explosive growth of e-commerce coupled with a push by direct-to-consumer brands is fueling a fintech frenzy. At every possible point of transaction, there seems to be a payments and/or solutions platform or app ready to help. At one tier are consumer apps and solutions (Apple Pay, Alipay, Samsung Pay, Google Wallet, etc.) focused on transactions and which are supported by payment methods (Visa, Mastercard, PayPal, American Express, etc.).