In value terms, online payments-related deal activity decreased by 61% in Q4 2023 compared with the previous quarter’s total of $3.1bn and rose by 387% as compared to Q4 2022. Related deal volume increased by 50% in Q4 2023 versus the previous quarter and was 15% higher than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Barclays; Raymond James Financial; Deloitte Touche Tohmatsu with 3, 2, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Allen & Overy; AZB & Partners; Clifford Chance with 3, 1, 1 deals respectively.

For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.