Worldpay goes global

Vantiv’s takeover of Worldpay, the UK payments processor, makes strategic sense. But will shareholders benefit? Alice Gråhns reports.

Vantiv's takeover of Worldpay, the UK payments processor, makes strategic sense. But will shareholders benefit? Alice Grhns reports.

"The global payments industry is growing and its champions must straddle the globe." That explains US market leader Vantiv Inc's $10.4bn takeover of Worldpay, its British counterpart, says Lionel Laurent on Bloomberg.com. A key prize for payments processors is the world e-commerce market, which will double to around $4trn between 2015 and 2020, according to McKinsey. The combined entity, also called Worldpay, will be "a one-stop shop of global, online and offline coverage", says Jim Armitage in the Evening Standard. Worldpay and Vantiv jointly process about $1.5trn of payments every year.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Alice grew up in Stockholm and studied at the University of the Arts London, where she gained a first-class BA in Journalism. She has written for several publications in Stockholm and London, and joined MoneyWeek in 2017.