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European Commission says it will review Mastercard’s Nets purchase

08 Apr 20 @ 14:16

The European Commission has accepted requests submitted by Austria, Denmark, Finland, Norway, Sweden and the UK to assess under the EU Merger Regulation the proposed acquisition of Nets A/S account-to-account... read more

Intuit agrees $7.1 billion price tag to acquire Credit Karma

25 Feb 20 @ 12:45

Intuit, which already owns TurboTax and QuickBooks, has agreed to buy credit report provider Credit Karma for $7.1 billion as consolidation sweeps the financial technology industry. The deal highlights the... read more

Elavon to sell Mexican acquiring operation to Santander

24 Feb 20 @ 09:25

Elavon says it will divest its Mexico-based operations to Santander. The deal, subject to regulatory approval, is expected to close in the next few weeks. Elavon currently provides payment processing... read more

Russia’s MIR payment network expands into Tajikistan

21 Feb 20 @ 12:07

The acceptance of MIR National Payment System cards has been announced in Tajikistan, opening up access to Russians who live in, or travel to, the country. Other countries where MIR... read more

Mastercard prepare for domestic operations in China through NetsUnion JV

11 Feb 20 @ 15:56

Mastercard has announce that it has received in-principle approval from the People’s Bank of China (PBOC) to begin formal preparations to set up a domestic bankcard clearing institution in China.... read more

Worldline agree to pay €7.8 billion for Ingenico in another mega merger

03 Feb 20 @ 11:03

Worldline has this morning announced it agreed a deal to buy local rival Ingenico in a €7.8 billion deal that will create a global player in the rapidly consolidating payments... read more

Visa make Open Banking play with Plaid acquisition

14 Jan 20 @ 09:35

Visa has announced it has signed a definitive agreement to acquire Plaid, an Open Banking network that makes it easy for people to connect their financial accounts to the apps... read more

Elavon acquires Sage Pay

18 Nov 19 @ 16:16

As the payments market consolidation continues, Elavon has agreed to acquire Sage Pay, a well-known and established payments gateway business in the UK and Ireland. Sage Pay is a division... read more

Visa acquires stake in Nigeria’s Interswitch

12 Nov 19 @ 10:41

Visa has announced it will acquire a “significant minority” stake in Nigerian payments platform Interswitch. Interswitch did not provide financial details in its statement but media reports indicate that Visa... read more

Alipay and WeChat Pay to support international card schemes in mobile wallet

06 Nov 19 @ 10:14

Chinese payments giants Alipay and WeChat Pay have announced they plan to open up their mobile wallet platforms to international card schemes as regulators ease restrictions. The apps, which dominate... read more

Western Union delivers Open Banking API for global payments

04 Nov 19 @ 09:01

Western Union has deployed full Open Banking application programming interface (API) access to its supporting front-end domestic and international payment applications through its Western Union Business Solutions unit. This new... read more

Transbank selects AEVI to roll out digital in-store solution for business in Chile

29 Oct 19 @ 10:08

Transbank S.A. and AEVI announced a strategic partnership to help Transbank’s customers in Chile deliver omnichannel and digital in-store experiences for their merchants. Founded as a credit card processing intermediary... read more

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ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more