Industry Update: Payment Services

Industry Highlights

  • On March 4, 2021, Square, Inc. announced that it entered into a definitive
    agreement to acquire a majority ownership stake in TIDAL, the global music
    and entertainment platform that brings fans and artists together through unique music, content, and experiences. Square expects to pay a mix of cash and stock of $297 million for a significant majority ownership stake.
  • On April 1, 2021, WEX, a leading financial technology service provider,
    announced that it completed the previously announced acquisition of certain
    health savings account assets of HealthcareBank, the custodian bank for
    customers of WEX’s Health division, for $250 million.

Past Industry Updates

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