News Formal

Mastercard to buy part of payments company Nets for $3.19 billion

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Payments processor Mastercard Inc said on Tuesday it would buy a majority of the...

FILE PHOTO: Mastercard Inc. credit cards are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration/File Photo

The acquisition comprises of the clearing and instant payment services, and e-billing solutions of Nets’ corporate services business. The acquisition will be complementary to Mastercard Send and Transfast technologies that deliver cross-border payments to bank accounts, mobile wallets and cards, Mastercard said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Less competition higher fees

Good to here. But the statement is unclear about the truth meaning it refers...

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Snapchat Parent Company to Raise $1 Billion in Debt Financing, Citing Potential AcquisitionsSnap, the money-losing parent company of Snapchat, plans to issue $1 billion in debt securities for the purposes of working capital and potential acquisitions. In announcing the plans, Snap said it…
Source: Variety - 🏆 108. / 63 Read more »