Worldline is Acquiring Ingenico for $8.6 Billion

Worldline is a financial services company that provides everything from in-store point-of-sale terminals through to online payments, data analytics, banking and fraud protection; Ingenico controls 37% of the point of sale terminal market globally; the European payments giants will be merging as it was announced today that Worldline will acquire Ingenico for €7.8 billion (US$8.6 billion); this continues on a consolidation theme we are seeing in the payments space as the large players seek even more scale as they try to compete with the nimble fintech players; Nicolas Huss, CEO of Ingenico, said in a statement, “In a fast moving global payment market in which scale matters, the combination of Ingenico with Worldline is completely aligned with our strategic vision.” Tech Crunch