M&A deals in payments sector pick up steam in 2016

Eleven deals took place in the sector during 2016 as compared to eight deals in 2015

The mergers and acquisitions (M&A) activity in the payments sector has been picking up steam, and the way forward for this sector is consolidation.

Some of the top M&A deals in the sector have taken place in 2015 and 2016, with the number increasing year-on-year. For instance, of the top ten deals sealed between 2012 and 2016, seven were inked last year, according to financial database and research platform VCCEdge.

Eleven deals totalling $289.38 million took place in the payments sector during 2016, compared to eight deals worth $717.81 million the year before. The value of deals touched a new high in