Florida headquartered, Fidelity National Information Services is buying Worldpay for about $35 billion. The online payment industry has been consolidating as companies attempt to better handle transactions globally.
Worldpay, a British company, was acquired for more than $10 billion less than two years ago by Vantiv. That combined company is what FIS said it would acquire Monday. It’s the biggest acquisition for FIS since it spent more than $5 billion for SunGard in 2015.
Worldpay processes more than 40 billion transactions a year and supports more than 300 payment types across more than 120 currencies. Combined, Worldpay and FIS would have had 2018 revenue of $12.3 billion. The combined company will be based in Florida, where FIS is headquartered.