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TransactionWatch – Week of May 30th – June 3rd

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U.S. M&A activity deaccelerates within the payments space while movement across Europe maintains traction this past week. To kick things off, Nexi, a leading European payments processor, announced their agreement to acquire BPER Banca and Banco di Sardegna’s merchant acquiring and POS management businesses for a reported value of approximately $412 million. Nexi’s acquisition of this portfolio encapsulates a network of more than 110,000 merchants that processed nearly $14 billion in payment volume during 2021. Additionally, this transaction also comprises of around 150,000 POS terminals across the European region. This acquisition builds upon Nexi’s existing partnership with BPER and allows them to further grow and control their merchant acquiring portfolio across the area.

In other M&A news, Trustly, a global platform for account-to-account payments, announced their acquisition of Ecospend for an undisclosed sum. Ecospend is a UK-based open banking payments platform that has processed over $6.2 billion account-to-account payments from over 2 million consumers in the past year. This transaction complements Trustly’s product suite and will accelerate their roll out across the U.K. market.