FIS has completed the acquisition of Global Payments’ issuer solutions business, formerly known as TSYS, at an enterprise value of US$13.5 billion.
The company has also finalised the sale of its remaining 45 percent stake in Worldpay to Global Payments.
The issuer solutions unit was purchased at a net price of about US$12 billion, including US$1.5 billion of net present value of tax assets, and will now operate under the FIS Total Issuing Solutions brand.
“We are pleased to have closed this strategic acquisition ahead of schedule, enabling us to start 2026 in a strong position to deliver greater value to our financial institution and corporate clients.
We’re looking forward to capitalizing on the unique opportunities this acquisition brings to our Banking and Payments business and building momentum through the year.”
said Stephanie Ferris, Chief Executive Officer and President of FIS.
The portfolio operates in more than 75 countries and handles over 40 billion transactions annually.
FIS said it works with more than 150 financial institutions and corporates, describing the unit as the world’s largest issuing business.
The acquisition strengthens FIS’ offering in credit processing, fraud, loyalty and related services and expands its banking segment market opportunity, which it estimates at US$28 billion.
The company added that the larger consumer and commercial card data set will support new analytics and artificial intelligence tools.
The sale of its Worldpay stake replaces a non-cash-generating minority holding with a growing stream of high-margin recurring revenue and cash flows, while helping to manage the capital impact of deeper involvement in digital assets.
The company expects the transaction to generate an additional US$500 million in incremental adjusted free cash flow in 2026, rising to US$700 million by 2028, supported by revenue and cost synergies.
Featured image: Edited by Fintech News Singapore, based on image by Shkor via Freepik
