Payments technology has experienced evolutionary changes in the past decade with increased adaptation of card-based and electronic payments for both B2C and B2B payments. Emerging innovations within technology companies & financial institutions are driving such changes. The highly fragmented nature of the sector increases acquisition opportunities for both financial and strategic acquirers, targeting state of the art technology and established brands.
Strategic acquirers are mainly looking for three core capabilities:
- To add alternative payment processing capabilities
- Integrate payment systems and
- Enhance mobile and electronic payment functionality