Top 5 Stories in the Fintech Week
Global Payments Inc., a payments technology provider, has announced agreements to acquire Worldpay from GTCR and FIS for a net purchase price of US$22.7bn, while simultaneously divesting its Issuer Solutions business to FIS for US$13.5bn.
The transaction positions Global Payments as a merchant solutions provider with a simplified business model.
The company will serve approximately six million customers globally, process 94 billion transactions and handle US$3.7tn in payment volume across more than 175 countries.
The net purchase price for Worldpay reflects a total value of US$24.25bn, including US$1.55bn of anticipated tax assets.
This represents an 8.5x adjusted EBITDA multiple for Worldpay on a net basis, inclusive of run-rate synergies, while the sale of Issuer Solutions reflects a 12.3x adjusted EBITDA multiple.
eBay Taps Checkout.com for Global Payment Acquiring Services
eBay, the online marketplace with 2.3 billion live listings, has announced a strategic partnership with Checkout.com to expand its global payment capabilities.
The collaboration will see Checkout.com, a digital payments platform that processes transactions for merchants, provide payment acquiring services for eBay's marketplace operations across its markets worldwide.
eBay's platform connects millions of buyers and sellers trading collectibles, pre-owned fashion, electronics, automotive parts and other merchandise.
The partnership aims to enhance the payment experience for these users by improving reliability and reducing friction in the checkout process.
Payment acquiring involves the processing of card payments on behalf of merchants, facilitating the movement of funds from customers' accounts to the seller after verification and authorisation from card networks and issuing banks.
Standard Chartered, OKX Launch Crypto Collateral Programme
Standard Chartered and OKX have launched a collateral mirroring programme that allows institutional clients to use cryptocurrencies and tokenised money market funds as collateral for trading activities.
The initiative addresses security concerns in digital asset markets by enabling clients to keep their collateral with a regulated bank custodian rather than on an exchange.
This arrangement comes at a time when institutional investors remain wary of exchange counterparty risk following several high-profile collapses in the crypto sector.
Under the programme, Standard Chartered serves as the independent custodian while OKX manages the collateral allocation and facilitates trading transactions.
Franklin Templeton, the global investment management firm, will provide tokenised money market funds that can be used as collateral within this structure.
S&P: Fintech Funding Rebounds but Faces Geopolitical Hurdles
Global fintech investment demonstrated signs of recovery in the first quarter of 2025, according to research from S&P Global Market Intelligence, a provider of financial data and analytics.
Fintech startups secured US$8.07bn across 393 funding rounds globally during Q1 2025, representing a 46% increase in capital raised compared to the same period last year, while deal count fell by 24%.
The report highlights contrasting regional performance, with North American and European markets showing resilience while Asia-Pacific experienced a sharp downturn.
FIS: Cyberthreats and Fraud Cost Firms US$98.5m Annually
Financial services technology provider FIS has quantified the cost of disruptions and inefficiencies in business operations at an average of US$98.5m per company annually, according to new research conducted with Oxford Economics.
The study, titled "The Harmony Gap: Finding the Financial Upside in Uncertainty", surveyed 1,000 C-suite executives across six industries in the US, UK and Singapore to identify issues affecting the money lifecycle in organisations.
The money lifecycle refers to the complete journey of funds as they move through an organisation's financial systems.
Cyberthreats emerged as the primary concern, with 88% of respondents identifying it as a significant source of disruption. Fraud ranked second at 79%, while regulatory complexities troubled 65% of executives surveyed.
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