Fidelity National to buy payment processor Worldpay for about $35 billion

U.S. fintech group (FIS) has agreed to buy payment processor for about $35 billion, in the biggest deal to date in the booming payments industry.

The deal is the latest in a wave of consolidation in the financial software and payments technology sectors as firms bulk up to compete with newcomers seeking to disrupt the way merchants are paid.

U.S.-based bought payment processor First Data in January for $22 billion. In Europe, startups such as Italy‘s Nexi plan to list, capitalizing on booming interest in the industry fueled by surging online sales.