Overview: M&A and Market Structure
Acquisitions align capabilities and expand access. Market structure shifts where synergies deliver measurable outcomes.
Targets: Capabilities and Regions
Potential targets include payments, liquidity, and regional access providers that fill gaps.
Synergies: Products, Liquidity, Access
Integrated products, tighter spreads, and broader corridors improve user and merchant outcomes.
Risks: Integration and Policy
Integration complexity and policy changes can delay or reduce benefits.
Scenarios: Consolidation Paths
Regional consolidation, vertical integration, or partnership-led models may dominate.
Conclusion
Thoughtful acquisitions can reshape competition; delivery and governance determine impact.