PaymentsDive
Buying companies may be one way to offset the threat of reduced growth, said Zach Spellman, a project manager at the payments industry consulting firm The Strawhecker Group. “Acquisitions are a way to help achieve those greater growth rates,” he said.
Activity in the first half of the year was about on par with last year, but then there was a lull in July before the buying ramped up this month, Spellman said. For the first half of the year, there have been about 66 deals in the industry, compared to 59 in the first half of 2021, according to TSG. Ultimately, Spellman expects 2022 totals might be about the same as last year.