“In what would seem to be Mastercard’s plan B in the recent tug of war with Visa over the acquisition of Earthport, the company announced that it will acquire Transfast, a New York based mature fintech that specializes in cross border remittances. The article is posted on Zachs and does not disclose a price. We are not deal valuation folks, but the last Visa bid for Earthport was GBP 247 million, so one might expect this transaction would be south of that number,” reported Paymentsjournal.
J Sagar Associates (JSA) advised
Sidley Austin also advised.
Primary jurisdiction of deal:
2019-03-11
Deal value: USD 450 million
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