PayLens Radar: Francisco Partners buys Moneris, PayPal-Stripe talks heat up

PayLens Radar · Tuesday 25 August

TOP SIGNAL

Francisco Partners buys Moneris, extending its Verifone platform

Francisco Partners signed a definitive agreement to buy Moneris, Canada's largest acquirer, from BMO and RBC for 2 billion Canadian dollars. The buyer already owns terminal maker Verifone.

It signals financial sponsors assembling integrated hardware-plus-acceptance platforms under one owner. Verifone gains a captive distribution channel, and it is the kind of consolidation that reshapes who European acquirers compete against.

Francisco Partners · Read the article

• PayPal-Stripe sale talks advance toward a possible deal

  The Wall Street Journal reports the sale of PayPal to Stripe and Advent is heating up, with a deal possible within weeks. The standing offer is 60.50 dollars a share, valuing PayPal above 53 billion dollars, a combination that would face EU antitrust review.

  M&A

• Ingenico raises 150 million euros to fund cloud shift

  The terminal maker secured 150 million euros from a PIMCO-led group to reset its capital structure after an S&P downgrade. The money funds new CEO Floris de Kort's shift from hardware vendor to cloud-platform provider, with the AXIUM devices and Ingenico 360.

  Terminals

• Klarna returns to profit but cuts guidance on Germany

  Klarna returned to profit in the second quarter with revenue up 27 percent, but cut its full-year GMV guidance to 149 to 151 billion dollars, blaming softer consumer spending in Germany, its largest market by volume. The shares fell about 19 percent.

  DE

• Wero reaches the physical point of sale via ZIIB

  Berlin firm ZIIB put Wero at the physical point of sale for the first time, rolling out a white-label QR solution across 11,000 acceptance points in Germany and Austria. It starts with vending machines, car washes and parking, needing no extra hardware.

  DE

• dm adds Wero to its online shop, second big German retailer

  dm will add Wero to its online shop from 25 August, becoming the second big German retailer after Lidl to accept the bank-owned account-to-account wallet. Its CFO cited savings versus PayPal's roughly 1.94 percent commission, targeting 5 percent adoption.

  DE

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