Analysis of the key themes driving M&A activity reveals that mobile payments accounted for 11 financial services deals announced in Q2 2023, worth a total value of $28m. The $28m minority acquisition of JITpay Group by WAG Payment Solutions was the industry’s largest disclosed deal. GlobalData’s Mobile Payments – Thematic Research report explains the impact of mobile payments on the broader payments sector by identifying key trends such as open banking, the leading companies and providing a comprehensive market overview for mobile payments. Buy the report here.
In value terms, mobile payments-related deal activity decreased by 97% in Q2 2023 compared with the previous quarter’s total of $1bn and fell by 100% as compared to Q2 2022. Related deal volume increased by 10% in Q2 2023 versus the previous quarter and was 8% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Barclays; Compagnie d'Investissements et de Gestion Privee; Joseph Gunnar with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Bronstein, Zilberberg, Chueiri & Potenza Advogados; Clifford Chance; Erdinast, Ben Nathan & Co. Advocates with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Mobile Payments - Thematic Research buy the report here.
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