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🤔 This is interesting. Barclays is sounding out PE to take a majority stake in its UK merchant payments business. 🏦 Word is that the bank wants to bring in a partner with additional industry knowhow as well as extra capital. 💡 Barclays has been talking to specialist payments providers, but these conversations have stalled. 🚫 The UK business could be valued at more than £2 billion based on estimated EBITDA. 💰 This is just another example of increasing consolidation in the payments world as increased use of digital technology makes investment costs higher and accentuates the benefits of economies of scale. 🌐 Private equity firms have invested heavily in the payment sector in recent years drawn by the wider trend of digitised finance and the ability to scale up investments through merging smaller players into a larger entity. 📈 What do you think? Would this be an interesting move or one deal too far? 🤷♂️ #BankingIndustry #DigitalTransformation #ArtificialIntelligence #OpenBanking #Payments https://lnkd.in/edUhpNsG
