Thursday, December 12, 2024

Mastercard acquires Minna Technologies to upgrade subscription experience

  • Mastercard has agreed to acquire Swedish fintech Minna Technologies, specializing in subscription management, for an undisclosed amount.
  • Minna Technologies, founded in 2016 and based in Gothenburg, offers B2B2C technology to help consumers manage their subscriptions through banking apps and websites.
  • The firm serves over 120 million users and claims the widest global coverage for subscription and payment management.
  • Gaurav Mittal, CEO of Mastercard’s Ethoca, highlights the value of subscription-related services for fostering long-term consumer relationships.
  • The acquisition aims to enhance consumer experiences by simplifying subscription modifications, extensions, or cancellations.
  • Minna’s services will complement Mastercard’s existing tools, helping manage merchant-consumer relationships and reducing disruptions.
  • This deal follows Mastercard’s $2.65 billion acquisition of Recorded Future, an AI-powered threat intelligence platform, in September.
  • The acquisition is subject to regulatory review.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

First Abu Dhabi Bank Partners with Broadridge to Build Global Agency Securities Finance Business

Subheading First Abu Dhabi Bank collaborates with Broadridge Financial Solutions...

Proxymity and Citi Launch Vote Connect Global to Enhance Proxy Voting Efficiency

Subheading Proxymity collaborates with Citi Securities Services to launch Vote...

Mid-Tier Banks Invest Heavily in Payment Modernization with Volante Technologies

Subheading Volante Technologies' latest report reveals significant investments by mid-tier...

Axis Announces Proposed Redemption of Debentures Amid Strategic Asset Sale

Subheading Axis Auto Finance sets December 16, 2024, as the...

Anduril and Palantir Partner to Enhance AI Capabilities for National Security

Subheading The collaboration between Anduril and Palantir aims to revolutionize...

European Central Bank’s Digital Euro: Transforming Europe’s Financial Landscape

Subheading The European Central Bank's digital euro initiative aims to...

HSBC Reshapes Its Structure with New Leadership and Key Appointments

HSBC Restructures for Agility: HSBC is simplifying its...

Mambu Acquires Numeral to Boost Payment Solutions and Expand Market Reach

Mambu Acquires Numeral: Dutch core banking technology provider...

Related Articles

Popular Categories

spot_imgspot_img