Mastercard to Buy European Open Banking Technology Company Aiia
September 07 2021 - 10:20AM
Dow Jones News
By Michael Dabaie
Mastercard said it will acquire Aiia, a European open banking
technology provider.
Aiia offers a direct connection to banks through a single
application programming interface, Mastercard said.
Mastercard didn't disclose the terms of the deal, which it said
it anticipates closing by year's end.
"The value of open banking comes through empowering consumers
and businesses to use their own data to obtain financial services
solutions simply, securely and quickly. The addition of Aiia
anchors our European open banking efforts and allows us to continue
to meet our customers where they are," said Craig Vosburg, chief
product officer of Mastercard.
Shares were up 2% to $347 in early trading.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
September 07, 2021 10:05 ET (14:05 GMT)
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