trending Market Intelligence /marketintelligence/en/news-insights/trending/jA6r_Uw2N6LxaOjmPq0kdQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Visa aims to tap into global fintech data market with Plaid deal

Strong adoption of AI/ML monitoring tools is driven by tech leaders

Amazon e-commerce sales soar amid COVID-19

European Energy Insights - October 2020

Banking Essentials - October 2020


Visa aims to tap into global fintech data market with Plaid deal

Visa Inc. wants in on the largely untapped international market around securely sharing consumers' financial data.

The payment processing company agreed Jan. 13 to acquire financial technology startup Plaid Inc. in a $5.3 billion deal, marking one of its largest purchases ever, according to S&P Global Market Intelligence data. The deal is expected to close in the next three to six months, Visa said.

By acquiring Plaid, Visa is pushing into the burgeoning market around sharing consumer financial information across institutions safely. Plaid provides a range of companies, including Acorns Grow Inc., Goldman Sachs Group Inc. and PayPal Holdings Inc.'s Venmo LLC, with the technology to allow their clients to connect and share their financial data through certain applications and services. In total, one in four people with a U.S. bank account have used Plaid, Visa said.

"We are increasingly trying to move from being strictly focused on client payments to focused on the movement of funds for any purpose around the world," Visa Chairman and CEO Al Kelly said Jan. 13 on a call to discuss the deal with analysts. "As it relates to the actual movement of money, we would like for as much of that to happen on the Visa network as possible."

The acquisition comes a little more than a year after Visa first invested in Plaid as part of its late 2018 series C round, which valued the startup at $2.65 billion. Alongside Visa, rival Mastercard Inc. was also involved in that offering.

Plaid will take Visa's push beyond client payments one step further, an effort that began around the same time that Visa invested in Plaid. In early 2019, Visa was caught in a bidding war with Mastercard for U.K.-based cross-border payment provider Earthport PLC, which it eventually acquired in May 2019.

Visa expects its global reach will help expand Plaid into new markets, though its executives did acknowledge that the startup has already successfully launched in certain international markets like the U.K. and Canada. In a presentation, Visa specifically noted that Plaid currently only addresses about 5% of the North American banking and investing industry, a total addressable market it estimates to be about $650 million. Of the $1 billion total addressable lending market, Plaid has a 2% penetration rate.

"This is about positioning Visa for the next decade," Visa CFO Vasant Prabhu said on the call. "We see this as a massive expansion in our total addressable market with a new set of products and services."