The European Commission has approved, under the EU Merger Regulation, the acquisition of Worldpay, Inc. by Fidelity National Information Services, Inc. (‘FIS’), both of the US.
Worldpay is a global provider of merchant acquiring and related payment technology services. FIS is a global provider of financial services technology with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions.
The Commission concluded that the proposed acquisition would raise no competition concerns given, on the one hand, the limited horizontal overlap between the companies’ activities and, on the other hand, the absence of anti-competitive vertical effects resulting from the combination of the activities of FIS and Worldpay.
The transaction was examined under the normal merger review procedure.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
