Mastercard announces its agreement to acquire the majority of Nets...

Mastercard announces its agreement to acquire the majority of Nets A/S's corporate-services businesses for €2.85 billion ($3.19 billion). This move reflects Mastercard's focus on the growing real-time payments market and its strategy to diversify its payment capabilities beyond card solutions. By expanding into account-to-account payments and targeting cash and check-based transactions between businesses, Mastercard aims to remain competitive in the evolving payment landscape and tap into the vast market of company payments. The acquisition follows previous strategic purchases, including Vocalink and Vyze, to bolster Mastercard's real-time payment capabilities and explore new payment technologies.

Tuesday, 6 August, 2019