{"id":2402,"date":"2018-10-15T15:34:09","date_gmt":"2018-10-15T15:34:09","guid":{"rendered":"https:\/\/capitalmind.eu\/?p=2402"},"modified":"2025-01-08T08:52:56","modified_gmt":"2025-01-08T07:52:56","slug":"fintech-sector-and-ma-report","status":"publish","type":"post","link":"https:\/\/www.investec.com\/advisory\/fintech-sector-and-ma-report\/","title":{"rendered":"Digital transformation of payments"},"content":{"rendered":"<p><strong>Highlights from our report<\/strong><\/p>\n<ul>\n<li>The global payments sector is worth some \u20ac1.9 trillion and is currently expanding at a CAGR 2016-2021 of 7%, supported by the continued&nbsp; displacement of cash and growth in electronic&nbsp;&nbsp; transaction volumes.&nbsp; We are seeing accelerated consolidation in the European market, driven mainly by tech\/payments specialists and increasingly private equity (PE). Deals are being used to deliver cost synergies, as most of the market is not&nbsp; operating at critical scale; geographic reach (new markets &amp; customers); and innovative digital capabilities such as cloud services and machine learning (AI).<\/li>\n<\/ul>\n<ul>\n<li>In the EU deals are concentrated in Germany, the Nordics, France and the Netherlands, Investec\u2019s core markets, where transaction sizes are growing and the largest platforms are&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; becoming ever larger.<\/li>\n<\/ul>\n<ul>\n<li>A number of leading international payments players achieved major exits in Q1 and Q2, including IPO exits by EVO Payments, GreenSky and Adyen; and M&amp;A exits by WorldPay (to Vantiv),&nbsp;&nbsp; Zettle (to PayPal), and Verifone (to Francisco Partners &amp; British Columbia).<\/li>\n<\/ul>\n<ul>\n<li>Valuations are high, depending on segment positioning, ranging between 8x and 24x EBITDA for listed players. In terms of Total Shareholder Returns (TSR), payments has outperformed&nbsp; other financial servicescategories by a wide margin over the past 10 years.<\/li>\n<\/ul>\n<ul>\n<li>Blockchain has the potential to revolutionize payments services, because the technology behind cryptocurrencies makes payments dramatically faster, cheaper and more secure. It is no&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; surprise to see blockchain being adopted by the mainstream (ie. banks and traditional payments providers). Moreover, this mega-trend is only just beginning.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Highlights from our report The global payments sector is worth some \u20ac1.9 trillion and is currently expanding at a CAGR&#8230;<\/p>\n","protected":false},"author":17,"featured_media":2433,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[71],"tags":[],"news-event-type":[],"dealtype":[],"class_list":["post-2402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sector-and-product-insights","ps-tmt"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Digital transformation of payments report | Investec<\/title>\n<meta name=\"description\" content=\"The global payments sector is 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