March 26 (Reuters) – Mastercard is seeking to sell the real-time payments unit that it acquired from Denmark’s Nets Group in 2019 for $3.2 billion, the Financial Times reported on Thursday. The credit card giant has hired investment bankers to lead a sale of the business that could draw interest from private equity groups, the […]
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Mastercard explores sale of payments unit it bought from Nets in 2019, FT reports
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March 26 (Reuters) – Mastercard is seeking to sell the real-time payments unit that it acquired from Denmark’s Nets Group in 2019 for $3.2 billion, the Financial Times reported on Thursday.
The credit card giant has hired investment bankers to lead a sale of the business that could draw interest from private equity groups, the report said.
Mastercard is likely to fetch a lower valuation than the price it paid, the report said.
The company did not immediately respond to a Reuters request for comment.
In 2019, Mastercard bought a majority stake in the corporate services businesses of Scandinavian payments group Nets.
Earlier this month, it agreed to acquire stablecoin infrastructure firm BVNK for up to $1.8 billion.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Shailesh Kuber)