To meet the needs of different and distinct customers who want their transactions to have an immediate result. With maximum security, transparency and speed. «The opportunities offered by the real time system are increasing on a worldwide scale» said Michael Miebach, Chief Product & Innovation Officer at Mastercard. «This acquisition strengthens our position as a leading partner in the sector able to best meet the payment needs of banks, companies, governments, public organizations and consumers». To be precise, the purchase – which joins Mastercard’s already operative assets such as Vocalink, Transfast and Transactis – regards clearing and instant payment services and electronic invoicing solutions. The addition will further enrich Mastercard’s existing account-to-account payment (A2A) service area by offering a qualified service to a wider customer base as well as greater flexibility and ease in implementing the system. For example, paying bills and open banking solutions will be even easier and more scalable for end users. All customers will also have added value services at their disposal such as accurate data analysis and protection against fraudulent activities. This company takeover is part of Mastercard’s precise strategy to ensure an increasingly greater range of payment flows able to respond to every type of requirement and clientele and capable of drawing the best opportunities that the B2B, P2M and P2P sectors offer. An advantage that will not only benefit the economic system due to faster money transactions, but will also be beneficial to credit institutions which will be able to offer companies and consumers innovative, simple and safe apps. «Mastercard is a company that moves on various fronts» Miebach added, «and acquiring Nets is the latest confirmation. By reaping and anticipating opportunities on the continually evolving payment scene, we are able to offer a wide choice of solutions to banks, businesses and consumers. Acquiring the majority of Nets’ corporate segment activities allows us to focus on the details and improve our existing technologies operating in trans-border payments to bank accounts, with mobile wallets and cards. An operational capacity that includes continental Europe, the United Kingdom, the Americas, Asia, the Middle East and Africa». Another decisive step within Mastercard’s strategy, preceded by the recent partnership with P27 which aimed at providing real time batch payments in Nordic markets. «Nets recently implemented a solid account-to-account payment platform with potential for international growth» said Bo Nilsson, CEO at Nets. «Nevertheless, in order to release this potential well beyond Nets’ current geographical presence, it was necessary to have the capacities and resources of a globally established leader like Mastercard. And through its resources and international approach, Mastercard is the ideal partner with which to fully exploit Nets’ business». The acquisition, which should be complete within the first half of 2020, is subject to regulatory authorizations and other standard closure conditions. Mastercard foresees that the operation will be staged for up to 24 months after closing the agreement, mainly due to purchase management and the relative integration costs.