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MasterCard completes DataCash acquisition

22 October 2010  |  5026 views  |  0 Source: MasterCard

MasterCard Incorporated (NYSE:MA) announced today that it has completed its acquisition of DataCash Group plc (AIM:DATA), at a price of 360 pence per share in cash, representing £334 million (US$526 million) in aggregate.

The acquisition of DataCash expands MasterCard's existing e-Commerce merchant gateway presence in Asia and Australia to European countries and other high-growth, emerging markets worldwide, and allows MasterCard to provide new services to acquiring customers and drive increased e-Commerce penetration in both existing and new markets.

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