Daily Management Review

Mastercard to buy Danish payment system Nets for €2.85 billion


American Mastercard, the second largest payment system in the world, has signed an agreement to purchase Danish technology company Nets A/S for €2.85 billion ($ 3.19 billion).

According to Mastercard’s press release, this transaction will allow the company to expand its capabilities in the field of real-time payments and provide customers with more reliable offers besides traditional credit cards.

“Global opportunities for real-time payments are growing,” says Michael Miebach, Director of Product and Innovation at Mastercard. “This deal will strengthen our unique position as a one-stop partner to meet the needs of any bank, merchant or government.” He added that Mastercard is a diversified company.

It is expected that the transaction will be closed in the first half of 2020 after receiving approval from the relevant regulatory authorities.

Nets is the operator of the largest payment system in Scandinavia, serving more than 400 thousand outlets.

source: bloomberg.com

Science & Technology

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

Mars Had Earth-like Salt Lakes

Study: AI is not as profitable as you might think

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

World Politics

World & Politics

Vale hiding information about problems at Brazilian dams could result in death of 270 people

US Lawmakers Introduce Bill About Xinjiang Uygur Camps In China

European Council agrees to extend Brexit again

Pressure From China Forces Maserati To Dissociate From Film Awards Event In Taiwan

China to replace Hong Kong's Carrie Lam

Iran warns of new reduction in nuclear deal liabilities

Dominican Republic lost $ 200 million because of scandal with tourists death

France: We will take measures to protect our military in Syria