UPDATE 3-Worldline's $8.7 bln Ingenico deal to create European payments leader [Reuters (UK)]
ATOS ORIGIN SA UNSP/ADR (AEXAY)
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Source: Reuters
Worldline's $8.7 billion Ingenico deal to create European payments leader - Reuters 5 Min Read PARIS (Reuters) - Payments company Worldline agreed on Monday to buy French rival Ingenico ( INGC.PA ) in a 7.8 billion euros ($8.7 billion) deal to create a new European leader in the sector and fend off cut-throat competition from internet and telecoms companies. The purchase by Worldline, which was born out of French IT company Atos ( ATOS.PA ), is the latest deal in the payments sector, where the firms cater to everything from small shops needing card terminals to large online businesses. The increasing use of smartphones for online payments and the growing success of Apple Pay ( AAPL.O ), Google Pay ( GOOGL.O ) and Amazon ( AMZN.O ) has led to more competition, with mergers and acquisitions allowing firms to build scale and cut costs. The global payments industry is set to reach $3 trillion a year in revenue by 2023 as more people switch from cash to digital payments for onlin
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