Mergers: Commission approves acquisition of Nets’ account-to-account payment business by Mastercard, subject to conditions

“The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Nets’ account-to-account payment business by Mastercard. The decision is conditional on the transfer of a license for Nets’ “Realtime 24/7” technology for account-to-account core infrastructure services as well as of the relevant personnel and other assets.”