Monday, October 29th, 2018
Britain has recently completed one of the biggest fintech deals of the past year with the £9.1bn takeover of Worldpay. Are you interested in Worldpay reviews? Where can you get the most reliable reviews? Just go on reading the post and you’ll know.
Worldpay Takeover Deal
Vantiv, US credit card processing company and Worldpay’s US rival, secured a deal to purchase Worldpay for 8 billion pounds ($10.4 billion). Worldpay is the leading credit/debit card payment processor in Britain. Vantiv, a reasonable marriage partner, is one of the US major players in the field.
The deal has been one of the biggest takeovers of a British company since the Brexit vote in 2017. This is the result of payments company mergers as consumers are turning away from cash to digital payments. Worldpay shareholders will get nearly 43%, and Vantiv investors 57% of the joint group, the pro forma enterprise value of which accounts for over 22 billion pounds.
However, there’re two issues worth mentioning. First, Vantiv is offering 397p, comprising 55p in cash plus shares. Worldpay shareholders will end up with 43%. Second, there exist some worries concerning the fact that Worldpay’s UK identity will fade away with time. If the deal had been completed in 2016, after the 1st discussions, Worldpay would have become the bigger partner.
Worldpay – Vantiv: Best Worldpay Reviews to Get
Worldpay-Vantiv deal hasn’t been the only one in the British payments industry recently. There’s another deal to pay attention to: Britain’s Paysafe Group PAYS.L is backing a 3 billion-pound takeover offer from a consortium of Blackstone BX. and CVC Capital Partners. French payments specialist Ingenico is making a 1.5 billion-euro swoop on Swedish competitor Bambora.
The modern payment industry is going through rapid changes and developments. It’s critical for merchants to work only with a respectable payment expert like Best Payment Providers in the UK to get the best deal for their business.
Best Payment Providers is a trustworthy comparison company that offers free consultation, review of contracts, rates, and fees. Best Payment Providers is well aware of the importance of integration requirements, so never fails to check each provider’s integration process. Thus, you can be sure to enjoy a smooth transition and onboarding process.
What is extremely important, Best Payment Providers gives merchants the most honest snapshot of the company at the time of writing. So, you can easily avoid unwanted payments caused by misleading terminology, hidden costs, and deceptive sales tactics.
The joint company is going to process about $1.5 trillion in payments and 40 billion transactions using over 300 payment methods in 146 countries and 126 currencies. The combined net revenue will make up more than $3.2 billion. Worldpay and Vantiv will work on cutting about $200m (£150m) on a yearly basis from costs after the merger.
According to Charles Drucker, president and CEO at Vantiv, their combined company will enjoy unprecedented scale, a comprehensive suite of solutions, and worldwide reach. This will turn them into the payments industry global partner of choice.