Payments: Year in Review, Part 1 (Finix)

Finix’s review of payments in 2019, part one — the consolidation year.

Why it was kept

Kyle kept the opening — FIS’s acquisition of Worldpay kicking off the year — and the size of the prize: global payments revenue in the trillions. [STALE] The original post now 404s (checked 2026-09-28); an archived copy is at https://web.archive.org/web/20210307152538/https://www.finixpayments.com/blog/2019-year-in-review-payments-part-i/.

As Kyle captured it

• Read Payments: Year In Review Part 1 by Finix - #Payments FinTech
  • Kicking off the year with a bang was FIS with their acquisition of Worldpay–who just merged with Vantiv the year before–to the tune of $35B. By mid-summer, Fiserv’s $22B First Data merger was also complete. Not to be outdone, Global Payments then bought TSYS for $21.5B.
  • **Payments are lucrative–global payments revenue totaled $1.9 trillion in 2018, according to McKinsey–which invites competition. Accenture estimates $280B in global payments revenue (~15%) could flow away from banks **to non-banks entities, technology-infused payment companies, and other digital payment methods by 2025. As a result, incumbents are doing what they can to consolidate volume; integrate their issuing, core banking, and acquiring solutions; or find ways to distribute payments via software to stay competitive.