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TransactionWatch – Week of September 6th – September 10th

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Another bustling week in payments M&A with several large and notable acquisitions announced. To start, Mastercard revealed two acquisitions as they seek to further expand their capabilities in emerging technological areas. Their acquisition of Aiia, a European open banking technology provider, follows suite with their transaction of Finicity in 2020, as well as their majority purchase of Nets’ Corporate Services business which aims to offer a broad set of account-to-account and open banking solutions. Similarly, Mastercard is set to acquire CipherTrace, a cryptocurrency intelligence company, for an undisclosed sum. This deal is positioned to aid in Mastercard’s digital assets strategy, specifically around the continued emergence of cryptocurrency’s use in the market.

In other M&A news, PayPal is further committing to the Buy Now, Pay Later trend with their deal to acquire Paidy for approximately $2.7 billion in cash. Paidy is based out of Japan and will allow PayPal to expand their capabilities and presence within the country while also complementing their existing cross-border eCommerce business in the region. Separately, Global Payments has agreed to acquire the AP automation provider, Mineraltree, for $500 million in cash. Mineraltree will combine with Global Payments’ existing B2B payment offerings as it will largely expand their target addressable markets. Lastly, Nuvei to set to acquire Paymentez as they continue their expansion into the Latin American market. Paymentez is used by more than 4,000 merchants in the region and compliments Nuvei’s existing market verticals.