M&A in cross-border payments declined by 35% this year
· New FXC Intelligence insights show that mergers and acquisitions in the cross-border payments space from Q1-Q3 declined by around 35% this year, when compared to the same period last year. · There have been declines across most types of businesses, in particular B2B payments, consumer money transfers and payment processors. Whilst there is no individual factor driving the decline of M&A in this space, there are a few macro factors that may be playing a role in the overall decline of fintech M&A. ·