Mastercard completed the acquisition of Nets Corporate Services business for €2.85bn.

Mastercard completed the acquisition of the Corporate Services businesses of Nets, a European PayTech company, for €2.85bn ($3.2bn). 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. “The global opportunity for real-time payments is accelerating. 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,” Michael Miebach, Mastercard Chief Product & Innovation Officer.