Global Payments 2022 - Competitor Profile

Global Payments 2022 - Competitor Profile

Summary

Global Payments is a global merchant acquiring and payment processing company that connects merchants directly to all major and local card schemes and alternative payment methods. The company enables merchants to accept payments through both online and offline channels. Global Payments offers services to 3.5 million merchant locations globally, enabling them to accept payments via 140 payment methods (including digital wallets, card payments, and local and alternative payment methods).

In addition to ecommerce payment acceptance for individual merchants, Global Payments offers one-click checkout and recurring billing services. The company supports domestic and cross-border transactions, enabling merchants to reach, convert, and retain more customers. For offline payments, Global Payments offers an array of traditional point of sale (POS) and mobile POS terminals to merchants in collaboration with payment companies such as Ingenico. Heartland Payment Systems (a Global Payments company) offers payment acceptance through card readers and kiosks.

In May 2019, Global Payments announced its merger with card processor TSYS for $21.5 billion - the third most expensive deal of the year in the payment processing space. The deal was completed in September 2019, following Fiserv’s acquisition of First Data and Fidelity National Services’ acquisition of Worldpay in July 2019. As part of its inorganic growth strategy, Global Payments made several acquisitions during FY2021, including Worldline's PayOne merchant acquiring business in Austria; US-based property management services and solutions provider Zego; the merchant services business of Bankia; and accounts payable automation and business-to-business payment solutions provider MineralTree.

The report provides information and insights into Global Payments including -

• Detailed insight into its business
• Comprehensive coverage of its products and services
• Comparative assessment with key alternative payment solutions
• Information on its performance, including its revenue model
• The company's important events and milestones

• In 1981, National Data Corporation (NDC) acquired the credit card processing and remittance business of CISCO.
• In 1988, NDC acquired Chemical Bank’s merchant credit card portfolio.
• In April 2019, Global Payments partnered with Mastercard to enable its merchants in the UK to accept payments via Mastercard’s ‘Pay by Bank app’ service, which lets customers make payments directly from their bank accounts.
• In November 2021, Acquired Worldline's PayOne merchant acquiring business in Austria.

• Gain insights into Global Payments' business operations and key events.
• Gain insights into its product portfolio and revenue model.
• Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.