Payments is a massive, confusing and unsustainably fragmented industry right now. So it’s no surprise that 47% of global FinTech M&A deals tracked last year were payments companies getting snapped up.
Overall the number of FinTech acquisitions jumped 66% between 2014 and 2015 and that number will only increase in the next 12 months. Arguably the most mature of the FinTech verticals, payments companies will continue to drive M&A activity this year and don’t be surprised to see both Davids and Goliaths of the industry get acquired.
With competition at an all-time high, it’s likely 2016 will also see some failures as companies bow out of the space altogether.