Supports Efforts to Transform and Accelerate Growth of Mastercard Bill Pay Exchange PURCHASE, N.Y. – May 3, 2019 – Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Transactis, a platform that helps businesses deliver bills and receive payments through one simple-to-navigate experience. In today’s digital
Mastercard Inc. (NYSE: MA) has entered into an agreement to acquire Transactis, a platform that helps businesses deliver bills and receive payments, strengthening Mastercard’s support of the bill payments space. This move would help the Company to address bill payment needs through enhanced end user interfaces, expanded payment options and digital bill presentment capabilities. Additionally, Mastercard expects the transaction would expedite the growth of Bill Pay Exchange, the Company’s digital solution that allows consumers to manage bills. The deal is expected to close in Q2 2019.