“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 Mastercard International Inc led by a team of partner Sidharrth Shankar, principal associate Prakriti Jaiswal, senior associate Srikant CV and associates Hema Priyadarshini Patnaik and Priya Nagpal.

Sidley Austin also advised.

Primary jurisdiction of deal: US.

2019-03-11

Deal value: USD 450 million

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