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Mastercard Advances Its Leadership Position as a Multi-Rail Payments Company with the Acquisition of Nets' Account-to-Account Payment Business

Aug 06, 2019 - Business Wire
Mergers and Acquisitions

Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire the majority of the Corporate Services businesses of Nets, a leading European PayTech company, for (EURO)2.85 billion (approximately US $3.19 billion).

The acquisition comprises the clearing and instant payment services, and e-billing solutions of Nets' Corporate Services business. The addition of Nets' technology and teams strengthens Mastercard's existing account-to-account (A2A) capabilities. Post-acquisit...