Analysis of the key themes driving M&A activity reveals that blockchain accounted for 7 payments deals announced in Q1 2023, worth a total value of $1.5bn. The $1.5bn acquisition of Genesis Global Trading by KaJ Labs was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q2 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.
In value terms, blockchain-related deal activity increased by 650% in Q1 2023 compared with the previous quarter’s total of $200m and rose by 1360% as compared to Q1 2022. Related deal volume increased by 40% in Q1 2023 versus the previous quarter and was 30% lower than in Q1 2022.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q2 2023 – Thematic Intelligence, buy the report here.