MasterCard Payment: Net1 Buys Remaining Shares In Masterpayment

Net 1 UEPS Technologies Inc (NASDAQ: UEPS) disclosed that it exercised its option to buy the remaining 40 percent of Masterpayment AG, a specialist payment services processor based in Munich, Germany. According to the company, it finalized the earn-out purchase consideration in respect of the transaction concluded in April 2016.As a result, Net1 now owns 100 percent of Masterpayment, having previously acquired 60 percent ...Full story available on Benzinga.com