Mastercard (MA) has agreed to acquire the majority of the Corporate Services businesses of Nets, a PayTech company, for 2.85 billion euros. The deal includes the clearing and instant payment services, and e-billing solutions of Nets' Corporate Services business. The acquisition is expected to close in the first half of 2020.
Michael Miebach, chief product & innovation officer, Mastercard, said: "This deal strengthens our unique position as the one-stop partner for any bank, merchant or government's payment needs." Mastercard expects the deal to be dilutive for up to 24 months after the transaction closes.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.