Mergers & Acquisitions

September, 2021

• 7 September

  How the Latin American Market Has Hit the Radar Screen for Major Processors

  

  North American payments processors are focusing lately on bulking up resources in Latin America, largely via acquisition. The latest example is Montreal-based Nuvei Corp., which on Tuesday said it has acquired Paymentez LLC, a 10-year-old payments provider that enables more than 80 payment methods in Mexico as well as 10 …
• 3 September

  Cantaloupe Reports Record Quarterly Revenues As Acquisitions And New Signings Kick in

  

  Vending-payment specialist Cantaloupe Inc. on Friday reported record revenue of $49 million for the June quarter, a 50.2% increase over the same period a year earlier, and a 14.6% increase from the same period in 2021.  Equipment revenue totaled $10.8 million during the quarter, a more than 100% increase from …
• 2 September

  The United Kingdom’s Zilch Becomes the Latest Entrant in the Hotly Contested U.S. BNPL Market

  

  Zilch Technology Ltd. is preparing to become the latest entrant in the U.S. buy now, pay later market. The move hinges on the London-based company’s acquisition of San Francisco-based debt-funding platform Neptune Financial & Management Services LLC (NepFin), a deal Zilch announced on Thursday. The terms were not disclosed. The …
• 2 September

  Subscription Fees Are up 15% and other Digital Transactions News briefs from 9/2/21

  

  U.S. consumers are spending $273 per month on subscription services on average, up 15% from the average in 2018, yet they estimate they are spending less, according to a poll from consulting firm West Monroe.Payments provider Nuvei Corp. completed its $250-million cash acquisition of SimplexCC Ltd., a cryptocurrency gateway that links exchanges, brokers, wallets, …
• 1 September

  Mercari Picks Zip’s BNPL Option and other Digital Transactions News briefs from 9/1/21

  

  Mercari, an online marketplace for second-hand goods, said consumers can use buy now, pay later services from Zip Co., formerly Quadpay, on its Web site.Buy now, pay later specialist Uplift Inc. said consumers who book with Sixthman, a music-festival organizer on cruise ships, can pay for their tickets in monthly installments. Sixthman is …

August, 2021

• 26 August

  LaCore To Offer Sezzle to Merchants and other Digital Transactions News briefs from 8/26/21

  

  Merchant services provider LaCore Payment Technologies said it is now offering Sezzle Inc.’s buy now, pay later service to its merchants. Sezzle is integrated into LaCore’s gateway.Google Pay’s expected revamp may be delayed because of staffing issues, reported tech site ArsTechnica.com. Several Google Pay employees have left amid uncertainty about the transition to the …
• 23 August

  An Acquisitive Paysafe Strikes a Deal to Acquire viafintech, a German Payments Provider

  

  Fresh off a pair of acquisitions in the Latin American market, Paysafe Group Holdings Ltd. over the weekend announced a major move into the European Continent with a deal to acquire viafintech, a neobank and payments provider based in Berlin, in an all-cash transaction. Terms were not announced. The deal …
• 23 August

  Delivery Delays Spawn 45% of Chargebacks and other Digital Transactions News briefs from 8/23/21

  

  Of 500 companies that process at least 500 online monthly transactions, 58% say their chargeback rates have gone up since March 2020, and of these, 45% say the biggest reason likely is delivery delays, according to a survey by fraud-prevention technology firm Kount, a unit of Equifax Inc.Payment processor EirthPay announced its launch. …
• 17 August

  Vending-Payments Specialist Cantaloupe Targets Micro-Markets With Its Deal for Yoke

  

  Building on a strategy of growing share of payments in the unattended retail market, Cantaloupe Inc. announced Tuesday its acquisition of Delicious Nutritious LLC, a Los Angeles-based micro-market payments company that operates under the trade name of Yoke Payments. The purchase price was not disclosed. The deal gives Cantaloupe, which earlier this …
• 13 August

  WUBS Renames as Convera and other Digital Transactions News briefs from 8/13/21

  

  Western Union Business Solutions (WUBS), formerly a unit of the Western Union group of companies, will rename itself Convera upon its recently announced $910-million acquisition by Goldfinch Partners LLC and The Baupost Group LLC. Patrick Gauthier, most recently head of Amazon Pay, has been announced as chief executive of Convera, which …