fbpx

May 8, 2020TransactionWatch

TransactionWatch – Week of May 4th – May 8th

Click here to read TransactionWatch | Subscribe to TransactionWatch

This Week’s M&A Overview

M&A activity continued to remain low throughout this week, however, many merchant acquirers are experiencing increases in their eCommerce processing volumes as merchants continue to pursue further into online marketplaces. While many merchant establishments across the nation have closed their doors during the ongoing COVID-19 pandemic, the shift in eCommerce solutions has been apparent. Global Payments, for example, reported their omnichannel and eCommerce processing business was up approximately 10% during the month of April while Square indicated its weekly payments volume from its merchants’ online stores were up more than five times since the middle of March. However, overall payment volumes for many acquirers have taken a significant hit due to the current economic environment. Nonetheless, several acquirers are starting to see their payment volumes stabilize as numerous states slowly begin to reopen its businesses.

  • Share this post: