One of biggest businesses in Columbus lands on Fortune 500 list for first time. Here’s why
Global Payments, a financial technology company with dual headquarters in Atlanta and Columbus, has been named to the Fortune 500 list for the first time.
The company ranked No. 394 for 2021, up from No. 553 in 2020. The increase in ranking comes following “a stellar 2020 in which its revenue rose 51%, to $7.4 billion, as the pandemic encouraged more consumers to adopt cashless payment,” Fortune writes.
Global Payments’ debut on the list reflects its recent growth and partnerships with top tech companies like Google and AWS. It became one of the country’s largest financial technology companies after merging with Columbus-based TSYS in late 2019.
That growth continues. In May, Global Payments announced it was purchasing Zego, a real estate and property management technology platform, for $925 million.
“With its new placement on the Fortune 500 list, Global Payments further solidifies its position as a leading fintech powerhouse. The nomination is a testament to the company pivoting its strategy to meet changing consumer behaviors during the pandemic, highlighting its tech-enabled approach that continues to be a driving force in the industry,” said Matt Cochran, a company spokesperson.
The Fortune 500 list is published each year by Fortune Magazine. It ranks 500 of the country’s largest corporations by total revenue generated during the most recent fiscal year.
Aflac, the Columbus-based insurer, ranked No. 131 for 2021, up from No. 146 on last year’s list. Synovus, the Columbus-based banking and financial services provider, did not crack the top 500, ranking No. 891. The company was ranked No. 890 in 2020.
This story was originally published June 2, 2021 at 11:57 AM.