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

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.

Less competition higher fees

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

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