Total payments industry M&A deals in Q2 2020 worth $2.39bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 78.8% over the previous quarter and a drop of 76.9% when compared with the last four-quarter average, which stood at $10.33bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.72bn. At the country level, the US topped the list in terms of deal value at $1.72bn.

In terms of volumes, North America emerged as the top region for payments industry M&A deals globally, followed by Asia-Pacific and then Europe.

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The top country in terms of M&A deals activity in Q2 2020 was the US with 13 deals, followed by Australia with four and Canada with two.

In 2020, as of the end of Q2 2020, payments M&A deals worth $13.69bn were announced globally, marking a decrease of 79.7% year on year.

Payments industry M&A deals in Q2 2020: Top deals

The top five payments industry M&A deals accounted for 92.3% of the overall value during Q2 2020.

The combined value of the top five payments M&A deals stood at $2.21bn, against the overall value of $2.39bn recorded for the month.

The top five payments industry deals of Q2 2020 tracked by GlobalData were:

1) Social Finance’s $1.2bn acquisition of Galileo Financial Technologies

2) The $301.36m acquisition of QuadPay by Zip

3) Tencent Holdings’ $300m acquisition of Afterpay

4) The $226.42m acquisition of DEPObank – Banca Depositaria Italiana by Banca Farmafactoring(formerly Farmafactoring S.p.A.)

5) Revance Therapeutics’ acquisition of Hint for $180.02m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.