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A record $117 billion in fintech deals have been done this year as cashless payments soar in popularity

Markets Insider

Global fintech-targeted mergers and acquisition volume has increased “rapidly” over the last five years, and the value of deals in the space has hit a record high in 2019, according to Dealogic associate Chisa Tanaka.

Eighty-seven deals have totaled a record year-to-date value of $116.6 billion, a four-fold increase from the $31.8 billion through the same time last year. There were 89 deals done at this point in 2018.

This explosive activity has been driven by three large US-based fintech transactions this year — Fidelity National Information Services‘ $43.3 billion acquisition of Worldpay in March, Fiserv‘s buying First Data in January for $39.4 billion, and Global Payments‘ $26.2 billion purchase of Total System Services in May.