ETA and The Strawhecker Group revealed the latest research on the future of FinTech at TRANSACT Tech. The report shows the payments industry is a lucrative growth sector for startups and established industries alike because it embraces innovation and companies are eager to form partnerships to fill gaps or gain a competitive edge in the marketplace. ETA Members can access the report here.
Globally, the report found that nearly 800 payments mergers and acquisitions occurred between September 2014 and September 2015, netting an average price of about $90 million per deal. Half of those deals were in the U.S. market. Top company categories include crypto currency, mobile payments and card processors.