Global Payments – Competitor Profile
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Global Payments is a global merchant acquiring and payment processing company that connects merchants directly to all major and local card schemes and alternative payment methods. The company enables merchants to accept payments through both online and offline channels. Global Payments offers services to four million merchant locations globally, enabling them to accept payments via 150 payment methods (including digital wallets, card payments, and local and alternative payment methods). In addition to ecommerce payment acceptance for individual merchants, Global Payments offers one-click checkout and recurring billing services. The company supports domestic and cross-border transactions, enabling merchants to reach, convert, and retain more customers. For offline payments, Global Payments offers an array of traditional point-of-sale (POS) and mobile POS terminals to merchants.
In January 2024, Global Payments Partnered with Germany-based bank, Commerzbank, to form a joint venture that enables small and medium-sized businesses in Germany to access digital payment options offered by Global Payments. The two companies are planning to form a new entity, Commerz Globalpay, in H1 2024, to offer omnichannel payment and software solutions to merchants in Germany. In May 2019, Global Payments announced its merger with card processor TSYS for $21.5 billion – the third most expensive deal of the year in the payment processing space. The deal was completed in September 2019.
The report provides information and insights into Global Payments including –
– Detailed insight into its business
– Comprehensive coverage of its products and services
– Comparative assessment with key alternative payment solutions
– Information on its revenue model and performance highlights
– The company's important events and milestones
Scope
1) In 1967, NDC was established in Atlanta, US.
2) In 2000-01, NDC eCommerce was renamed Global Payments. It eventually spun off from NDC and registered on the NYSE as a standalone entity.
3) In April 2019, Global Payments and Advanced Solutions International (a leading global provider of software and services) entered into a payment processing partnership.
4) In March 2021, Global Payments partnered with UMB Bank to offer processing and support services for UMB Bank’s credit, debit, and healthcare card portfolios via its TSYS business.
5) In January 2024, Global Payments partnered with Germany-based Commerzbank to form a joint venture that enables SMEs in Germany to access digital payment options. The two companies are planning to form a new entity, Commerz Globalpay, in H1 2024 to offer omnichannel payment and software solutions to merchants in Germany.
Reasons to Buy
• Gain insights into Global Payments business operations and key events.
• Gain insights into its product portfolio and performance highlights.
• Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
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