Global Payments and Banamex renew strategic alliance in Mexico

ATLANTA/MEXICO CITY - Global Payments Inc. (NYSE:GPN), a $20.2 billion market cap payment technology leader with annual revenues exceeding $10 billion, and Banco Nacional de México (Banamex) have renewed and expanded their multi-year strategic alliance to provide payment technology and banking services to merchants across Mexico, according to a press release statement. According to InvestingPro analysis, Global Payments maintains a "GOOD" financial health rating, suggesting strong operational stability.

The partnership, operating through Global Payments’ EVO Payments business, currently processes nearly 900 million transactions across more than 250,000 point-of-sale systems throughout Mexico. The company’s robust financial position is reflected in its attractive P/E ratio of 13.3 and consistent dividend payments, which it has maintained for 25 consecutive years.

The renewed alliance aims to serve businesses of all sizes, from small and medium-sized enterprises to larger corporations, in both digital and physical retail environments. Global Payments will continue to provide integrated payment solutions alongside Banamex’s banking services.

"Together, we will continue driving innovation forward so that businesses have the full range of leading commerce solutions they need," said Gabriel Mejía, Global Payments’ general manager for Mexico.

Sinead O’Connor, Banamex’s head of consumer banking, noted the importance of supporting SMEs, which generate 52% of Mexico’s national revenue according to INEGI data.

Global Payments, a Fortune 500 company headquartered in Georgia, acquired EVO Payments in 2023. The company operates in 38 countries with approximately 27,000 employees.

Banamex, founded in 1884, is one of Mexico’s leading financial institutions with 1,261 branches, 9,112 ATMs, and 13,152 banking correspondents across the country as of the first quarter of 2025.

The alliance represents a continuation of the companies’ efforts to enhance payment capabilities in the Mexican market, particularly for small and medium-sized businesses. For investors seeking deeper insights into Global Payments’ growth potential, InvestingPro offers comprehensive analysis with additional ProTips and detailed metrics in its Pro Research Report, available among 1,400+ top US stocks covered by the platform.

In other recent news, Global Payments has been in the spotlight with several significant developments. The company announced the sale of its payroll business to Acrisure for $1.1 billion, which is part of its strategy to streamline operations and concentrate on core activities. The proceeds from this transaction are intended to be returned to shareholders, aligning with the company’s strategy shared during its investor day. Additionally, Global Payments introduced a new point-of-sale system, Genius for Retail, aimed at enhancing business performance for small and medium-sized retail businesses. This system offers advanced payment capabilities and comprehensive business management tools to support retailers.

In terms of analyst ratings, Bernstein has reiterated a Market Perform rating for Global Payments, while B.Riley continues to rate the stock as a Buy with a $194 price target. The involvement of activist investor Elliott Management, which has acquired a significant stake in the company, has also been noted by analysts. Elliott’s stake could potentially influence future strategic decisions, including operational improvements and cost synergies related to the Worldpay acquisition. These developments come as Global Payments navigates investor concerns following its $24.2 billion acquisition of Worldpay earlier this year.

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