The US card network will buy up to 9.99% of Network’s shares. The two companies will also work together to encourage more adoption of digital payments in the Middle East and Africa. Mastercard will become Network’s fourth-largest shareholder behind its current owners General Atlantic, Warburg Pincus, an Emirates NBD.
Network, initially formed as a subsidiary of Emirates NBD, enables retailers to take card payments in store or online in the region.
Earlier in March 2019, Mastercard agreed to buy Transfast, an international money transfer network. For more information about Mastercard Payment Gateway Services, please check out a detailed profile of this company in our dedicated, industry-specific online company database.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.