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 starts testing Chinese OLED screens for iPhone 12

Analysts: Google Search is losing clicks

Microsoft admits wiretapping users

French Optic 2000 unveils smart glasses

You Can Wear Your New Air Conditioner With Your Clothes

Research: Anonymous data is not so anonymous anymore

Tech giants face stricter government regulation in the US

Nestle's Head: Veggie meat is new megatrend

Huawei may introduce Android replacement in August

Are US high-tech investors causing brain drain in Europe?

World Politics

World & Politics

European Social Democrats are losing ground

Hong Kong's richest citizen calls to stop violence and unrest in the city

UK railway operators exit Interrail system

Dozens of British Airways flights canceled or delayed due to computer malfunction

China keeps importing Iranian oil in spite of US sanctions

Marijuana legalization: Did Canada benefit from cannabis boom?

Republicans and Democrats focus on carbon pricing

Iran Hints It May Swap Seized Tankers With The UK