Worldpay

Worldpay's payment system was originally a division of RBS Bank. By March 2019, the service processes about 40 billion transactions a year and operates with more than 120 currencies.

History

2025: Global Payments bought Worldpay from FIS and GTCR LLC for $24.3 billion

The American fintech company Global Payments entered into several transactions in April 2025, gaining full control over the payment service Worldpay Inc. and getting rid of the business of developing various solutions for issuers. According to Global Payments, it will buy back a 45% stake in Worldpay from Fidelity National Information Services (FIS) and another 55% from private equity fund GTCR LLC. The value of the entire Worldpay in the framework of transactions is estimated at $24.3 billion, including tax assets in the amount of $1.55 billion.^[1]

2019: Fidelity buys Worldpay for $43bn

On March 18, 2019, US fintech developer Fidelity National Information Services (FIS) announced the acquisition of Worldpay. This transaction, which is worth $43 billion, taking into account the debts of the company being sold, has become the largest in the history of the electronic payment market.

For each Worldpay share, FIS will pay 0.9287 of its securities and $11 of its own funds. Based on one Worldpay share, the acquisition cost is $112.12, which is 14% more than the quotation rate by the time the exchange closed on March 15, 2019, notes. Reuters

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

The combined company will retain the FIS brand and headquarters in Jacksonville (Florida, USA). FIS Chairman and CEO Gary Norcross will remain in position. Charles Drucker, head of Worldpay, will serve as vice chairman of the board of directors of the combined company.

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

After the merger, FIS shareholders will own 53% of the share capital of the combined company, Worldpay shareholders - 47%. First, the deal must be approved by regulators and shareholders. These and other formalities are planned to be completed in the second half of 2019.

The merger of FIS and Worldpay continued a series M&A of transactions in the financial technology market, which is growing rapidly due to the fact that payment systems are increasingly used in the sale of goods and services on the Internet and physical retail stores. According to analysts, by McKinsey 2023 the global volume of payments will be measured at $3 trillion.^[2]

Notes