This deal includes the related Italian Licensed Electronic Money Institution, subject to regulatory approval. ExpendiaSmart is a provider of spend management solutions, enabling large businesses and enterprises to manage expenses using its spend management software and smart corporate cards.
Subject to regulatory approval, the addition of the Licensed Electronic Money Institution to the CleverCards group will boost its speed and agility in serving its markets and customers across Europe, as the press release states. In February 2021, Mastercard and CleverCards signed a strategic partnership to expand the usage of digital cards across Europe.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now