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This Week’s M&A Overview
As consumer and merchant behaviors continue to shift due to the COVID-19 impact, payment entities are seeking opportunities that will enhance their digital footprint. Market players now understand that these online focused technologies are not only a key competitive differentiator but may also be needed for survival. The adoption of digital payment solutions, from both consumers and merchants, has become more apparent in recent months as individuals shy away from cash in favor of more contactless payment methods. This has led the way for increased usage of eCommerce purchases, order-ahead mobile app payments, buy now, pay later methods, as well as other emerging digital payment technologies.
In addition, last Friday (June 5th) Shift4 Payments, a technology company which offers services such as online ordering and mobile payment solutions, debuted their IPO on the NYSE which raised $345 million in offering, well above its initial target. The stock ticker, listed as FOUR, gained 46% on its first day of trading
The post TransactionWatch – Week of June 8th – June 12th appeared first on The Strawhecker Group.