How ISO consolidation persists
40 pts · Notable·Payments Dive·23h ago · Jul 28, 14:36 UTC·1 min read
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Global Payments and several other processors have been actively acquiring smaller firms in the payments sector over the years. Despite this trend of consolidation, new payment service providers continue to emerge, indicating a resilient entrepreneurial spirit among payments professionals.
Key takeaways
- ▸Global Payments is among the leading processors acquiring smaller firms.
- ▸The ongoing consolidation highlights both competition and opportunity within the payments landscape.
- ▸Entrepreneurs remain active in creating new payment solutions despite significant acquisitions.
- ▸The dynamics of the payments industry are shifting as consolidation occurs alongside new company formations.
Why this matters
The consolidation trend could further limit competition, potentially impacting pricing and innovation in the payments space. However, the emergence of new firms indicates opportunities for innovation that could lead to improved services and competitive offerings, benefiting merchants and consumers alike.
Entities
Companies: Global Payments
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