UPDATE 2-Mastercard's Scandinavian e-pay deal in EU antitrust crosshairs [Reuters (UK)]
Mastercard Incorporated (MA)
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Source: Reuters
Mastercard's Scandinavian e-pay deal in EU antitrust crosshairs - Reuters 2 Min Read BRUSSELS (Reuters) - EU antitrust regulators on Monday said Mastercard Inc’s ( MA.N ) plan to buy part of Scandinavian payments group Nets is a significant threat to competition in Europe based on information from six countries including Britain. The U.S. payments group disagreed with the EU’s assessment and said it hoped to finalise the deal by the end of the second quarter. Mastercard announced plans in August last year to buy three divisions of European rival Nets, covering corporate clearing, instant payments and e-billing. The bid for Scandinavia’s largest payments processor is part of a wave of consolidation in the sector as credit card companies and banks look to capitalise on a growing market triggered by the switch from cash to mobile payments. The European Commission, which acts as the EU’s antitrust enforcer, said it had accepted a request from Austria, Denmark, Finland, Norway, Sweden an
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