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Mastercard Investor Relations: Mastercard Completes Acquisition of Nets' Account-to-Account Payment Business


Mastercard Investor Relations: Mastercard Completes Acquisition of Nets Account-to-Account Payment Business
Today, Mastercard (NYSE: MA) completed its acquisition of the majority of the Corporate Services business of Nets, a leading European PayTech company, having met the conditions set out by the European Commission in its approval in August 2020. The additions to Mastercard will support a broader set of account-to-account capabilities, including clearing and settlement instant payment infrastructure, bill payment and E-invoicing applications.
Today is a significant milestone as we continue to build out our multi-rail payment solutions beyond cards, said Paul Stoddart, president of New Payment Platforms, Mastercard. This acquisition brings top talent and innovative technology, enhancing our existing multi-rail propositions to enable greater access, choice and flexibility in how people want to pay and get paid. ....

Paul Stoddart , Corporate Services , Net Corporate Services , European Commission , European Paytech , New Payment Platforms , பால் ஸ்டாடார்ட் , பெருநிறுவன சேவைகள் , நிகர பெருநிறுவன சேவைகள் , ஐரோப்பிய தரகு , ஐரோப்பிய பய்த்ேச் , புதியது கட்டணம் தளங்கள் ,