Analysis of the key themes driving private equity deal activity reveals that online payments accounted for 4 payments deals announced in Q2 2023, worth a total value of $119.9m. The $100m investment by General Atlantic in PhonePe was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q2 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.
In value terms, online payments-related deal activity decreased by 86% compared to Q2 2022. Related deal volume was 33% higher than in Q2 2022.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q2 2023 â€“ Thematic Intelligence, buy the report here.