Global Payments Strengths, Domain Expertise, and Key Differentiators
Global Payments boasts a robust cloud-based issuer processing platform built on AWS, enabling seamless card issuance and management for financial institutions worldwide. Its extensive customer base, which includes prominent names like J.P. Morgan, PayPal, and Wendy's, underscores its position as a trusted partner for millions of merchants and financial institutions across the globe.
Global Payments Recent Developments
In February 2021, Global Payments announced an expansive partnership with Google Cloud, marking a significant step towards delivering cutting-edge cloud-based products and capabilities to enhance digital merchant customer experiences worldwide. This partnership involves migrating Global Payments' merchant acquiring technology to Google Cloud, fostering a deeper market reach, and launching strategic go-to-market initiatives together.
Global Payments Mergers and acquisitions (M&A) Activities
In August 2022 Global Payments acquired EVO Payments, Inc. With a total purchase consideration of approximately $4 billion, this strategic move underscores Global Payments' commitment to enhancing its technology-enabled payments ecosystem and extending its reach across key markets.
The acquisition of EVO Payments aligns seamlessly with Global Payments' overarching strategy to bolster its technology-driven payment solutions and broaden its geographic footprint. By integrating EVO Payments into its fold, Global Payments stands to significantly enhance its presence in key regions, leveraging EVO's established foothold in both the Americas and Europe.
This expanded geographic reach not only amplifies Global Payments' market penetration but also positions the company for sustained growth and profitability in high-growth markets. Additionally, the acquisition provides Global Payments with a strategic advantage in tapping into new customer segments and unlocking untapped opportunities for revenue generation.
September 2021 witnessed Global Payments' acquisition of MineralTree, a move aimed at bolstering its accounts payable automation and business-to-business payment solutions. This strategic acquisition aligns with Global Payments' vision to digitize payables and streamline key procurement processes for customers across various vertical markets.
Additionally, the company's collaboration with Amazon Web Services (AWS) in August 2020 to develop a cloud-based issuer processing platform highlights its dedication to leveraging innovative technologies to transform payment solutions at scale.
Global Payments Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Global Payments applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Global Payments and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified ActiveWorks, Activity Cloud customers.
Global Payments Overview
Ownership: - NYSE : GPN
Number of Employees: 25000
Functional Market: Absence and Leave Management, Scheduling, Time and Attendance, Core HR, Payroll, Benefits Administration, Compliance, Onboarding, Recruiting, Applicant Tracking Systems, Performance Management, Compensation,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Global Payments Key Cloud and HCM Applications
ActiveWorks, Activity Cloud
Global Payments HCM and Cloud HCM Applications Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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Total Revenues, $M | Subscribe | Subscribe | Subscribe |
HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Global Payments Revenue Breakdown by Type:
Global Payments HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Global Payments HCM Applications Revenues By Verticals, $M:
Global Payments Total and HCM Applications Revenues by Region:
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
Global Payments Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Global Payments Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Global Payments Customers
No. of Global Payments Customers: 50000
No. of Global Payments HCM Applications Customers: x
No. of Global Payments Cloud HCM Customers: x
No. of Global Payments Cloud HCM Subscribers: x
Global Payments Inc. is a pure-play payments technology company providing cutting-edge payments and software solutions to approximately 3.5 million merchant locations and more than 1,300 financial institutions across more than 100 countries throughout North America, Europe, Asia-Pacific, and Latin America.
Among its customers are J.P Morgan, PayPal, Wendy's, Phillips 66, Taco Bell, University of Notre Dame, Burger King, BrewDog, and many others.
Global Payments Market Opportunities, M&A and Geo Expansions
In May 2022 Bakkt Holdings and Global Payments formed a strategic alliance. This partnership heralds a new chapter in the evolution of digital payments, empowering merchants, issuers, and consumers alike to embrace the potential of cryptocurrencies in their everyday transactions.
At the heart of this collaboration lies a shared vision to expand the use cases of cryptocurrencies and integrate them seamlessly into the existing financial ecosystem. By joining forces, Bakkt and Global Payments aim to bridge the gap between traditional banking services and the burgeoning world of digital assets, offering customers unprecedented access to cryptocurrencies through a range of innovative solutions. Leveraging its cutting-edge issuing technologies, Global Payments is set to revolutionize the way virtual, debit, credit, and prepaid solutions interact with cryptocurrencies, offering customers unparalleled flexibility and convenience.
Opportunities abound for Global Payments in the realm of digital commerce, as evidenced by its strategic alliance with Virgin Money to redefine the future of connected payments. However, the success of its recent merger with TSYS hinges on the effective integration of operations and the realization of anticipated cost savings. Integration challenges, such as the potential loss of key personnel and disruptions to ongoing business operations, pose inherent risks that must be navigated adeptly.
Global Payments Risks and Challenges
The success of the TSYS Merger will depend, in part, on the ability to realize the anticipated cost savings from combining its business with the acquired operations of TSYS. To realize the anticipated benefits and cost savings from the Merger, Global Payments must successfully integrate and combine its businesses in a manner that permits those cost savings to be realized. If Global Payments is not able to successfully achieve these objectives, the anticipated benefits of the Merger may not be realized fully or at all or may take longer to realize than expected.
It is possible that the integration process could result in the loss of key employees, the disruption of Global Payments ongoing business, or inconsistencies in standards, controls, procedures, and policies that adversely affect its ability to maintain relationships with customers, commercial counterparties, and employees or to achieve the anticipated benefits and cost savings of the Merger. Integration efforts may also divert management attention and resources.
Global Payments Ecosystem, Partners, Resellers and SI
In January 2024 in a strategic move aimed at revolutionizing the digital payment landscape in Germany, Global Payments and Commerzbank joined forces to establish a groundbreaking joint venture, Commerz Globalpay GmbH. This venture, slated for launch in the first half of 2024, heralds a new era of innovation and efficiency for small and medium-sized businesses (SMBs) across the country, offering a diverse array of cutting-edge digital payment solutions.
With Global Payments holding a majority stake of 51 percent and Commerzbank retaining 49 percent ownership, the joint venture capitalizes on the synergies between Global Payments' prowess in commerce enablement solutions and distinctive payment offerings, and Commerzbank's extensive knowledge base and deep-rooted customer relationships within the German SMB merchant market.
Commerz Globalpay's establishment in Frankfurt am Main, Germany underscores its commitment to driving innovation and fostering customer-centricity within the local market. Global Payments and Commerzbank, the joint venture is poised to pioneer groundbreaking advancements in digital payment technology, setting new benchmarks for operational efficiency, security, and convenience.
Global Payments continues to forge strategic alliances and expand its ecosystem to drive innovation and foster frictionless payment experiences for consumers and merchants alike. As the company ventures further into the realm of cloud-based solutions, IoT, AI, and ML technologies are poised to play pivotal roles in shaping its future offerings and market positioning.
Global Payments Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Global Payments Public Cloud and Infrastructure (IaaS)
- Global Payments Platform (PaaS)
- Global Payments Application Delivery
- Global Payments Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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