Worldpay Group (wpg, -1.84%), Britain’s largest payment processor, said on Wednesday that it had agreed to be bought by U.S. credit card technology firm Vantiv (vntv, -2.35%) in a deal valuing it at 7.7 billion pounds ($9.95 billion).

The agreement came a day after shares in the British firm soared more than 25% when said it had received approaches from both Vantiv and J.P. Morgan (jpm, +0.92%), though the U.S. bank said on Wednesday it does not plan to make an offer.

The deal, seen by analysts as the start of a trend for consolidation in the payments industry, will see Vantiv give Worldpay shareholders 55 pence in cash per share plus 0.0672 new Vantiv shares plus a cash dividend of 5 pence per Worldpay share.

That makes the total value for Worldpay shareholders 385 pence per share, a premium of 18.9% to the firm’s stock close on Monday,…