VRC is proud to release its latest Industry Report. The report provides a concise, insightful update on the Payment Services industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Read the full report: Payment Services: October 2020
October 2020 Industry Highlights
- On September 4, 2020, Worldline, the European leader in payment and transaction services, announced the completion of the acquisition of a 53% majority stake in GoPay, the leading online collecting payment services provider for small and medium-sized businesses in the Czech Republic.
- On July 10, 2020, Square, Inc. acquired Stitch Labs, an operations management platform for growing commerce brands. Stitch Labs has a strong background in building key tools for businesses such as inventory and order management, channel management, and fulfillment solutions.
- On July 17, 2020, QIWI plc announced that it had entered into binding transaction agreements to sell its SOVEST consumer lending business to Sovcombank. The sale of the SOVEST business is part of QIWI’s strategic shift into focusing on servicing their core customer niches and developing synergetic products around our payments business.
- Read the full October 2020 Payment Services industry report.
Past Industry Updates: