Total payments industry deals worth $4.28bn were announced globally for March 2021, with the $597.41m venture financing of Stripe being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 524.5% over the previous month of $685.35m and a rise of 34.6% when compared with the last 12-month average of $3.18bn.

In terms of number of deals, the sector saw a rise of 73.33% with 78 deals in March 2021 when compared to the last 12-month average of 45 deals.

In value terms, North America led the activity with deals worth $1.91bn in March 2021.

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payments industry deals in March 2021: Top deals

The top five deals accounted for 51.8% of the overall value during March 2021.

The combined value of the top five deals stood at $2.22bn, against the overall value of $4.28bn recorded for the month.

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

1) Allianz X, AXA, Baillie Gifford US Growth Trust, Fidelity Management & ResearchLLC, National Treasury Management Agency and Sequoia Capital’s $597.41m venture financing of Stripe

2) The $595.62m acquisition of E-surfing Pay by China Telecommunications

3) The $595m merger of Cipher Mining Technologies and Good Works Acquisition

4) The $230.65m acquisition deal of Latitude Financial Services Australia Holdings by Shinsei Bank

5) The Rise Fund’s acquisition deal with Airtel Mobile Commerce for $200m.