Feb 3, 2020 - Economy & Business

Worldline buys Ingenico as payments industry consolidation continues

A GIF of a Piggy Bank that has a thought bubble with money signs coming out of it.

Illustration: Aïda Amer/Axios

Worldline agreed to buy French point-of-sale terminal provider Ingenico for around $8.6 billion in cash and stock.

Why it matters: This is the latest in a wave of payments industry consolidation, particularly among legacy players that feel threatened by a digital-first challengers. Examples from last year include FIS buying Worldpay for $35 billion and Fiserv paying $22 billion for First Data.

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