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 £333 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.

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Wall Street Journal, The

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