Banga says MasterCard acquisition helps e-commerce expansion

08/19/2010 | Wall Street Journal, The

MasterCard is planning to expand its e-commerce business through the $521 million acquisition of the European payment-service provider DataCash Group. "E-commerce represents an important part of MasterCard's growth strategy, and this acquisition will allow us to provide new services to our acquiring customers, as well as drive increased e-commerce penetration in both existing and new markets," said Ajay Banga, MasterCard president and chief executive officer.

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