Total payments industry deals worth $38.7bn were announced globally for August 2021, with the $29bn acquisition of Afterpay being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 1133.4% over the previous month of $3.14bn and a rise of 1288.2% when compared with the last 12-month average of $2.79bn.

In terms of number of deals, the sector saw a drop of 1.47% with 67 deals in August 2021 when compared to the last 12-month average of 68 deals.

In value terms, Asia-Pacific led the activity with deals worth $34.74bn in August 2021.

payments industry deals in August 2021: Top deals

The top five deals accounted for 92.5% of the overall value during August 2021.

The combined value of the top five deals stood at $35.8bn, against the overall value of $38.7bn recorded for the month.

The top five payments industry deals of August 2021 tracked by GlobalData were:

1) Square $29bn acquisition deal with Afterpay

2) The $4.7bn acquisition of IndiaIdeas.com by PayU

3) Goldfinch Partners and The Baupost Group $910m private equity deal with The Western Union

4) The $750m venture financing of Chime Financial by Dragoneer Investment Group,General Atlantic,Sequoia Capital Global Equities,SoftBank Vision Fund 2 and Tiger Global Management

5) Paysafe Holdings UK $441m acquisition deal with SaftPay