Published on 26 Nov 2021 on Zacks via Yahoo Finance
How Mastercard's (MA) Arcus Acquisition Benefits Digitization?
Mastercard Incorporated MA recently announced that it has acquired Mexico-based Arcus FI to expand its presence in the Latin American market. Arcus, a financial technology platform, is a Mastercard Start Path program alum.
Arcus provides various bill pay solutions and cash-in, cash-out services to different types of customers including retailers as well as FinTechs in the United States and Mexico. It has a massive network in the Mexican market. The buyout will likely enable Mastercard to tap into that vast network and offer Bill Pay solutions and real-time payment applications across markets. The financial terms of the deal are yet to be disclosed.
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