$43bn FIS and Worldpay merger creates new processing giant

Following the news of the merger agreement between Fidelity Information Services (FIS) and Worldpay, Bhavika Shah, Payments Analyst at GlobalData, a leading data and analytics company offers her view:

“With the acquisition of Worldpay, FIS stands to drastically improve its position in the US market by combining the two companies’ complementary services.

“In 2018, Worldpay processed over $1.4 trillion worth of card transactions in the US alone and therefore FIS immediately gains access to this huge revenue stream and a large merchant client base.

“Worldpay, as of year-end 2018, held a 21% share of the US merchant acquiring market by value of acquired transactions, according to GlobalData’s Merchant Acquiring Analytics, making it the largest player in the US in addition to its international presence across 146 countries.

“Following the 2017 acquisition of Worldpay by Vantiv, today’s Worldpay represents all of the business of both those companies – and as a result FIS will hold a commanding position in the US market following the deal.”

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