Global Payments - Competitor Profile

Global Payments - Competitor Profile
Summary

Global Payments is a global merchant acquiring and payment processing company that connects merchants directly to all major and local card schemes and alternative payment methods. The company enables merchants to accept payments through both online and offline channels. Global Payments offers services to four million merchant locations globally, enabling them to accept payments via 140 payment methods (including digital wallets, card payments, and local and alternative payment methods). In addition to ecommerce payment acceptance for individual merchants, Global Payments offers one-click checkout and recurring billing services. The company supports domestic and cross-border transactions, enabling merchants to reach, convert, and retain more customers. For offline payments, Global Payments offers an array of traditional point-of-sale (POS) and mobile POS terminals to merchants in collaboration with payment companies such as Ingenico. Heartland Payment Systems (a Global Payments company) offers payment acceptance through card readers and kiosks.

In May 2019, Global Payments announced its merger with card processor TSYS for $21.5 billion - the third most expensive deal of the year in the payment processing space. The deal was completed in September 2019, following Fiserv’s acquisition of First Data and Fidelity National Information Services’ acquisition of Worldpay in July 2019. As part of its inorganic growth strategy, Global Payments made several acquisitions during FY2021, including Worldline’s PayOne merchant acquiring business in Austria; US-based property management services and solutions provider Zego; the merchant services business of Bankia; and accounts payable automation and business-to-business payment solutions provider MineralTree.

The report provides information and insights into Global Payments including -Detailed insight into its businessComprehensive coverage of its products and servicesComparative assessment with key alternative payment solutionsInformation on its revenue model and Performance HighlightsThe company's important events and milestonesScopeIn 1967, NDC was established in Atlanta, US.In 2000-01, NDC eCommerce was renamed Global Payments. It eventually spun off from NDC and registered on the NYSE as a standalone entity.In April 2019, Global Payments and Advanced Solutions International (a leading global provider of software and services) entered into a payment processing partnership.In February 2021, Global Payments partnered with Google to provide cloud-based product offerings and services. As part of this, Global Payments migrated its merchant acquiring services to the cloud, allowing its merchants to access software-as-a-service solutions such as gift cards, loyalty schemes, email marketing, and payments digitally via the cloud platform.In February 2023, Global Payments partnered with US sports teams Atlanta Braves and Atlanta Hawks, allowing them to offer convenient payment solutions to their customers.Reasons to BuyGain insights into Global Payments business operations and key events.Gain insights into its product portfolio and performance highlights.Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.