Mastercard announced that it is paying €2.85b for a majority stake in the corporate services group of Nets, the Danish provider of payments technology. The move is part of the Mastercard's broader strategy to diversify its payments capabilities in the consumer sector.
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Mastercard buys a majority stake in Nets
“It’s a significant acquisition for us but on the backs of three years of experience in real-time payments and increasing growth and excitement around real-time payments,” said Michael Miebach, the company’s chief product and innovation officer, in an interview with MarketWatch. He expects the deal will make Mastercard “a more relevant partner for banks” and others in the payments ecosystem.
