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Is JP Morgan Attempting to Buy World Pay?

Is JP Morgan Attempting to Buy World Pay?
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Stocks of Worldpay, the largest payment processing company in Britain, are moving up, after it received bids for a buyout from Vantiv, Inc., a credit card processing company from USA and JP Morgan Chase, which caused an increase in share prices by 25%.

The bid indicates how credit card companies are attracting specialists in automated payments. There are also technology companies who want to leverage this opportunity by integrating technology in the form of smartphones or other handheld devices with the payment processing system.

Another development is from Nets A/S, a payment services company from Denmark, who has been approached by potential buyers as well.

Worldpay has not confirmed the materialization of this deal and sources close to the organization have said this information is unsolicited. Worldpay pushes technology to businesses so that they can accept payments either through credit cards or online or through handheld devices.

As a result of this potential acquisition news, the stocks of the company hit an all-time record high, which went up by 25.4%. To date, the company has a market capitalization of about 6.43 billion pounds ($8.3 billion).

Analysts are speculating there might be other potential players who might be interested in the bid and we can expect some more names to jump into the ring. Vantiv and JP Morgan are expected to confirm the news by August 1. Vantiv was not available for comment and JP Morgan has refused to share any insight into this development.

Anirudh M. for TechFunnel.com


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Anirudh Menon
Anirudh Menon
I have adorned multiple hats during my professional journey. My experience of 14 years comes in areas like Sales, Customer Service and Marketing. My journey as a professional writer started 5 years back, when I started writing for an in-house magazine for my employer. Having successfully delivered many in-house projects, it encouraged me to take my skill to the world. As on day, I have written articles, blogs website content for various industries like Information Technology, Start-up, Retail and Government. The subjects that I have covered range from Digital Marketing, SAP Cloud Platform, Cloud Computing, Content Marketing , Politics. Enhancement is a process and I constantly thrive to add more subjects in my portfolio. Over and above content writing, I also train language and communication to students who want to brush up their speaking skills. I am a part time trainer for IELTS coaching and also work as a budding voice over artist.

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