Philip Jansen and Charles Drucker, who will be co-chief executives of the combined Worldpay-Vantiv business, say the merger is aimed at creating a processing behemoth to exploit the burgeoning e-commerce market, as more payments are made online and via mobile phone. Figures from Capgemini’s world payments report show that the number of global non-cash transactions made in 2015 jumped 11.2 per cent to 433bn. Experts warn that competition is becoming fierce — from traditional banks as well as smaller fintech groups such as Stripe — and companies with scale are most likely to succeed.

https://www.ft.com/content/a9095b62-7d0b-11e7-9108-edda0bcbc928