Mastercard Incorporated (NYSE:MA) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 1.49% to 107.98 with around 605489 shares have changed hands in this session. The U.K.’s Competition and Markets Authority or CMA said it has found that Mastercard Inc.’s (MA) acquisition of VocaLink gives rise to competition concerns. In relation to LINK ATM, the CMA found that VocaLink and Mastercard are 2 of the 3 most credible providers of infrastructure services to the LINK ATM network operating across the UK.
As such, the merger would reduce the number of bidders and limit the ability of the LINK scheme to obtain good value when tendering for an infrastructure provider. Mastercard UK Holdco Ltd, a subsidiary of Mastercard International Incorporated, is buying VocaLink Holdings Ltd It already owns and operates credit and debit card schemes Mastercard, Maestro and Cirrus, and has also bid to supply infrastructure services to UK interbank payment systems. Th
CAPE VERDE: Decree-Law on binding rulings published
Cape Verde s Ministry of Finance published
Decree-Law 74/2020 in the Official Gazette on 12 October 2020,
setting out the conditions for taxpayers requesting binding tax
information rulings. The Decree Law became effective on the same
day.
Once the application is submitted, the tax administration is
obliged to respond and notify the applicant within a maximum of 75
days. However, an urgent response within 45 days may be provided
for justified requests, provided that the request is accompanied by
a legal-tax framework proposal. The tax authority must notify an
applicant within 30 days on whether a request is accepted as
Press Releases
Mastercard Center for Inclusive Growth Teams Up with Nedbank to help 9,000 informal micro-entrepreneurs grow their businesses
Collaboration will use interactive mobile messaging, providing entrepreneurs with free business and financial literacy training
Johannesburg, South Africa – 10 December 2020: Informal micro-enterprises are among those whose businesses have been significantly impacted by COVID-19, with nearly two thirds of these businesses stating that they are not performing well after lockdown, according to a recent Ipsos South Africa survey. In response, the Mastercard Center for Inclusive Growth is partnering with Juntos Global and Nedbank to provide 9,000 micro-enterprises with free business and financial literacy training to help them to build resilience, adopt digital financial services and grow their businesses.