#Mastercard Advances Its Leadingdd Position as a #MultiRail #Payments Company buying #Nets’ Account-to-Account #Payment Business http://bit.ly/2YvaaQ9d August 6, 2019 – 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 €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-acquisition, the company’s best-in-class real-time payment assets will provide unrivaled capabilities across three principal areas: Infrastructure – complements Mastercard’s existing technologies, catering to a more expansive customer base, leveraging its sophisticated, highly scalable, flexible and easy-to-deploy assets Applications for end-user solutions – like bill payment and open banking solutions, now delivered with greater speed and scale Value-added services, like data analytics and fraud protection “The global opportunity for real-time payments is accelerating,” said Michael Miebach, chief product & innovation officer, Mastercard. “This deal strengthens our unique position as the one-stop partner for any bank, merchant or government’s payment needs. The combination with existing Mastercard assets such as Vocalink, Transfast, and Transactis delivers real-time payment capabilities, innovation and expertise that are truly differentiated.” #Fintech #OpenBanking #PSD2 #iso20022 (hier: Europe/Zurich) https://www.instagram.com/p/B1UT6fzCLfS/?igshid=jrdvdt616a5c
