Ingenico Throws Hat into Ring for Worldpay

Aug. 31, 2015

Ingenico Throws Hat into Ring for Worldpay After news surfaced last week that German payments processor Wirecard has bid more than $9 billion for Worldpay, Ingenico has reportedly also offered to acquire the London-based e-commerce processor and acquirer. According to Reuters, the French POS terminal manufacturer has matched Wirecard’s $9.2 billion bid.

For Ingenico, adding Worldpay would continue to bolster its presence in the card-not-present market that the company established a year ago when it bought Dutch e-commerce processor GlobalCollect. At the time, Ingenico CEO Philippe Lazare called GlobalCollect a “great opportunity to maintain our time-to-market advantage to rapidly reinforce Ingenico Group’s position as a global leader in seamless payment.”