The international digital payments market is undergoing a significant transformation after the announcement of a landmark three-way deal involving Global Payments $GPN, Worldpay, and Fidelity National Information Services $FIS, with participation from private equity firm GTCR. Under the terms of the agreement, Global Payments will acquire its rival, Worldpay, for $24.25 billion in a strategic move to boost its corporate client roster and strengthen its foothold in merchant services.

Private equity firm GTCR is poised to nearly double its investment in Worldpay following the sale of a 55% stake to Global Payments (GPN). This deal marks a significant milestone in an industry where such substantial gains have become increasingly rare amid high interest rates that have stifled major transactions over the past two years.