Global Payments Inc. (NYSE:GPN) has officially wrapped up its purchase of Worldpay from FIS (NYSE: FIS) and GTCR, while simultaneously offloading its Issuer Solutions division to FIS. This strategic overhaul, announced recently this month, from Atlanta, positions the company as a commerce solutions specialist, catering to businesses ranging from local shops to multinational corporations across the globe.
The deal brings Global Payments into a new phase of expansion, boasting an impressive footprint that now encompasses over 6 million merchant sites.
Annually, the merged entity is set to handle a staggering $3.7 trillion in payments and process around 94 billion transactions in more than 175 nations.
This enhanced scope not only broadens the company’s geographical presence but also diversifies its service offerings, allowing it to tap into fresh revenue streams and distribution networks.
Cameron Bready, CEO of Global Payments, highlighted the synergies in a statement:
“By joining forces with Worldpay, we’re amplifying our strengths and extending our reach, all while unlocking new avenues for our customers and collaborators.”
He emphasized the focus on delivering greater value, positioning the firm as the go-to provider for comprehensive commerce tools.
Bready also praised the swift execution of the deal, which outpaced initial timelines, crediting it to meticulous planning and a seasoned executive team with deep industry expertise.
To address diverse client demands, the revamped organization will operate via three specialized segments: Enterprise for large-scale operations, SMB for smaller enterprises, and Integrated & Platforms for tech-driven partnerships.
Each will feature customized sales approaches and development paths, backed by an annual innovation budget exceeding $1 billion.
This structure enables cross-promotion of products, such as introducing Global Payments’ advanced Genius point-of-sale system to Worldpay’s small business clients or offering Worldpay’s e-commerce expertise to existing Global Payments users.
Financially, the integration aims for steady cash flow growth, fortifying the balance sheet and supporting a dynamic capital strategy.
The company anticipates preserving its investment-grade status while aiming to lower adjusted net leverage to 3.0 times within 18 to 24 months.
These metrics underscore a commitment to sustainable expansion amid a competitive sector.
Headquartered in Atlanta and listed on the NYSE under GPN, Global Payments has long been a key player in payment tech, managing trillions in volumes worldwide.
The acquisition aligns with broader industry trends toward consolidation, where firms seek scale to innovate against fintech disruptors and evolving consumer behaviors.
The combined operation is poised to navigate challenges like economic fluctuations and regulatory shifts, with leadership ready to capitalize on immediate opportunities.