Worldline's (WLN.PA) stock slide, which saw around $4 billion wiped off its market value, is the latest wake-up call.
COMMISSIONS CUTRevenue growth has suffered at payments firms as inflation has force European consumers to spend less, while investors fret about the euro zone slipping into recession.
Some analysts say payments firms have also been caught napping, after a period of growth during COVID lockdowns.
In a further sign of investor wariness, venture capital investment flows into European payment firms have also dried up.
Now, it may leave private equity investors to pick up the pieces for payment service firms, analysts said.
Persons:
Dado Ruvic, Paul Charpentier, Bryan Garnier, napping, Jefferies, Hannes Leitner, Leitner, Charpentier, wariness, Italy's Intesa Sanpaolo, Morgan Stanley, Worldline, Bryan Garnier's Charpentier, Elizabeth Howcroft, Alexander Smith
Organizations:
REUTERS, PayPal, Holdings, Companies, Barclays, Reuters, Spain's Banco Sabadell, Fidelity National Information Services, CVC Capital Partners, CVC, Thomson
Locations:
London, U.S, Nexi, Europe