Analysis of the key themes driving M&A activity reveals that digital payments accounted for 20 payments deals announced in Q2 2023, worth a total value of $785.2m. The $537m acquisition of Shinsegae Group by Viva Republica 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, digital payments-related deal activity decreased by 40% in Q2 2023 compared with the previous quarter’s total of $1.3bn and rose by 276% as compared to Q2 2022. Related deal volume increased by 18% in Q2 2023 versus the previous quarter and was 5% lower than in Q2 2022.

The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Barclays; Jefferies Financial Group; Joseph Gunnar with 2, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Allen & Overy; Arthur Cox; Bronstein, Zilberberg, Chueiri & Potenza Advogados with 2, 1, 1 deals respectively.

For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q2 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.