March 18, 2019Blog Posts

FIS to Buy Worldpay, an E-Commerce Payments Processor, for $34 Billion

The New York Times

The financial technology provider Fidelity National Information Services agreed on Monday to buy Worldpay for about $34 billion, in a bid to become a powerhouse in the global payments sector.

The deal is among the biggest in the industry, as companies race to capture a share of the booming payments market. Companies like Worldpay are often invisible to consumers, but they process the escalating number of e-commerce transactions and purchases made through contactless payment systems like Apple Pay.

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