Top payments players are limping toward the end of the month posting losses on equity markets. PayPal , Marqeta, and Block are in the doldrums and even blue-chip incumbents like Visa and Mastercard haven’t been spared. Is it a matter of time before the carnage hits private markets? Not so, say private equity and credit fund managers. “I still see payments as being attractive,” says Grant Thornton partner John Cristiano. “You see a lot of interest there, lenders want to get into payments and e-commerce wants to get into payments.”
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