Worldpay

The Worldpay payment system initially was division of RBS bank. By March, 2019 service processes about 40 billion transactions a year and works more than with 120 currencies.

History

2019: Fidelity purchased Worldpay for $43 billion

On March 18, 2019 the American developer of financial technologies Fidelity National Information Services (FIS) announced Worldpay acquisition. This transaction which cost is $43 billion taking into account debts to the sold company became the largest in the history of the market of electronic payments.

The FIS company will pay for each stock Worldpay on 0.9287 securities and $11 of own means. Counting on one stock Worldpay acquisition value is $112.12 that is 14% more than a quotation rate by the time of closing of the exchange on March 15, 2019, Reuters notes.

The largest transaction in the market of payment systems. Worldpay is sold for $43 billion

The united company will save the FIS brand and the headquarters in Jacksonville (the State of Florida, the USA). The chairman of the board of directors and the CEO of FIS Gary Norcross will remain at the positions. Charles Drucker heading Worldpay will hold a position of the vice-chairman of the board of directors of the united company.

Due to merge of assets of FIS and Worldpay expects to save $500 million, to earn more than $12 billion annual revenue and to achieve free cash flow in the amount of $4.5 billion in three years after execution of the transaction.

After merge shareholders of FIS will possess 53% of share stock of the united company, to shareholders of Worldpay — 47%. At first regulators and shareholders should approve the transaction. It is going to execute these and other formalities in the second half of 2019.

The consolidation FIS and Worldpay continued a train M&A-сделок in the market of financial technologies which promptly grows thanks to the fact that payment systems are even more often used in sales of goods and services on the Internet and physical retail stores. According to forecasts of analysts of McKinsey, by 2023 the world volume of payments will be measured by $3 trillion^[1]

You watch also Payment systems and services

Notes