A major acquisition set to change the payments landscape.
On April 17th, Global Payments announced that it is acquiring Worldpay for $24.25 billion in a three-way deal with Fidelity National Information Services (FIS) and private equity firm GTCR. As part of the deal, Global Payments will divest its Issuer Solutions business to FIS for $13.5 billion.
The transaction will sharpen Global Payments’ strategic focus, converting it into a pure play merchant solutions business. The new business will serve more than 6 million customers processing 94 billion transactions and $3.7 trillion in volume across more than 175 countries.
Global Payments expects to realize cost synergies of $600 million and revenue synergies of at least $200 million from cross-selling opportunities.
For FIS, the acquisition of Global Payments’ Issuer Solutions business will strengthen its position as a fintech company by giving it a wider global reach and an improved suite of products.
The deal is expected to be completed in the first half of 2026, contingent on regulatory approvals.
For more information see the Global Payments press release, the FIS press release and this Wall Street Journal article.
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