Where Will the FIS Spin-Off Leave Worldpay?
- Date:February 24, 2023
- Author(s):
- Daniel Keyes
- Report Details: 6 pages, 1 graphics
- PAID CONTENT
Overview
When FIS acquired Worldpay for $43 billion in 2019, it did so with the hope of stoking its own internal growth and keeping up with competitors. A little less than four years after that acquisition was announced, FIS is spinning Worldpay off into its own stand-alone company and even writing off $17.6 billion to do it.
What happened? And where do FIS and Worldpay go from here? This Javelin Strategy & Research note examines the factors that led FIS to the acquisition in the first place, why things didn’t work out as planned at the time of the purchase, how Worldpay might operate as a stand-alone business—get ready for more mergers-and-acquisition activity—and how the merchant acquiring landscape is far different now as the companies go about uncoupling.
Interested In This Report
Related content
Global A2A Retail Payment Systems: Lessons for the U.S.
The launch of FedNow—the Federal Reserve Bank’s instant payment service—lets financial institutions offer their customers 24/7/365 access to transactions that are initiated and set...
The Disappearing POS
The venerable old point-of-sale terminal, the heart of in-store payment experiences for decades, is in for a big change. Software POS (softPOS), biometric payments, and autonomous ...
FIS is Selling Worldpay, So Now What?
In a four-year period, FIS has gone from purchasing merchant acquiring titan Worldpay for $43 billion to announcing plans to spin the company off to agreeing to sell a controlling ...
Make informed decisions in a digital financial world