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.

This content was updated on 18 July 2023

Premium Insights


The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.


GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.