With the purchase of the Denmark-based payments platform, Mastercard is picking up an electronic billing platform that offers clearing and instant payment services, according to a statement on August 6. Mastercard also confirmed that the purchase will take a bite out of its profits for up to two years after the deal closes, which is expected to happen sometime in the first half of 2020.
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Member News: Mastercard will buy Nets for US$3.9 billion
![Member News: Mastercard will buy Nets for US$3.9 billion Member News: Mastercard will buy Nets for US$3.9 billion](https://smefinanceforum.org/sites/default/files/styles/720x486/public/mastercard-buying-nets.jpg?itok=khTMI4TI)
Aug 06, 2019