Total payments industry M&A deals worth $1.41bn were announced in Asia-Pacific in Q1 2021, led by China Telecommunications’ $595.62m acquisition of E-surfing Pay, according to GlobalData’s deals database.
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The value marked an increase of 6,030.43% over the previous quarter and a rise of 83% when compared with the last four-quarter average of $770.5m.
Asia-Pacific held a 28.48% share of the global payments industry M&A deal value that totalled $4.95bn in Q1 2021. With a 13.05% share and deals worth $646.14m, China was the top country in Asia-Pacific’s M&A deal value across payments industry.
In terms of deal activity, Asia-Pacific recorded 21 deals during Q1 2021, marking an increase of 162.50% over the previous quarter and a rise of 115.38% over the last four-quarter average. the Philippines recorded four deals during the quarter.
Asia-Pacific payments industry M&A deals in Q1 2021: Top deals
The top five payments industry M&A deals accounted for 63.3% of the overall value during Q1 2021.
The combined value of the top five M&A deals stood at $893.66m, against the overall value of $1.41bn recorded for the quarter.
The top five payments industry deals of Q1 2021 tracked by GlobalData were:
1) China Telecommunications’ $595.62m acquisition of E-surfing Pay
2) The $230.65m acquisition of Latitude Financial Services Australia Holdings by Shinsei Bank
3) Shandong Jiangquan Industrial’s $50.52m acquisition of Beijing Xinhuo Technology
4) The $8.98m acquisition of Payments Technology Services by Tech Mahindra
5) CannaOne Technologies’ acquisition of Direct Agent five for $7.9m.
