The stocks of a wide swath of publicly traded payments companies are rising faster than the overall S&P 500 index, potentially fueled by several mega mergers in the first half of 2019.
Global Payments Inc
Global Payments' purchase of TSYS is the latest merger of large payment technology companies — and by no means the last.
TSYS and Global Payments have announced a $21.5 billion merger, the third M&A deal in the financial/fintech industry of more than $20 billion this year.
Global Payments hasn't hesitated to shell out huge dollars if it provides a quick-strike opportunity to pair technology with multichannel payments in markets where such marriages remain rare.