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Last Trade - 12/02/18

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £611.7m
Position in Universe th / 1888

Goldman predicts rise in payments M&A in 2018

Thu 18th January, 2018 10:00am
Jan 18 (Reuters) - Goldman Sachs  GS.N  expects more M&A 
deals in digital payments this year and on Thursday identified 
Wirecard  WDIG.DE  and Ingenico  INGC.PA  as potential targets. 
    "We expect the payments industry to continue to benefit from 
a number of secular technology drivers: the shift to electronic 
payments from cash and an even faster shift to online payments," 
Goldman Sachs analysts wrote in a note. 
    Recent deals have included Vantiv's  VNTV.N  takeover of 
Worldpay  WPG.L  and Hellman & Friedman's Nets  NETS.CO  bid. 
    Last month, Morgan Stanley analysts said the tax reform in 
the U.S. could make more funds available for payments companies 
such as Paypal Holdings  PYPL.O . 
    Morgan Stanley said new European rules on online payments, 
the Payments Services Directive 2 (PSD2), could also be another 
catalyst that triggers mergers and acquisitions in the sector. 
    PSD2, which started last week, allows retailers and 
consumers to bypass banks by authorising payments directly from 
personal accounts, aiming to cut costs and increase choice by 
widening the range of firms offering financial services. 
 urn:newsml:reuters.com:*:nL8N1OZ49S 
 
 (Reporting by Thyagaraju Adinarayan in Gdynia; editing by 
Alexander Smith) 
 ((thyagaraju.adinarayan@tr.com; +48 58 772 0022; Reuters 
Messaging: thyagaraju.adinarayan.tr.com@reuters.net; Twitter 
@thyagu)) 
 
Keywords: PAYMENTS M&A/GOLDMANSACHS
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