Worldpay’s Spinoff Is The Latest Sign Of Merchant Acquiring’s Changing Challenges

Last week, FIS
FIS
, one of the world’s biggest payments processors, announced that it was spinning off its Merchant Solutions business back into standalone merchant acquirer Worldpay
WP
.

Set to complete by the end of the year, the move caught some by surprise as FIS only completed its purchase of Worldpay back in 2019. It has so far been met with a less-than-enthusiastic response from investors, although FIS maintains that spinning off the company will be critical to helping Worldpay return to growth.