Financial services major Mastercard, Inc. (MA) recently announced that it has entered into an agreement to acquire Aiia, a European open banking technology provider. The terms of the deal, which is likely to close by the end of this year, have not been disclosed. Following the news, shares of the company gained 1.3% on Tuesday. Moreover, it added to its gains slightly to close at $345.34 in extended trade. Aiia provides a direct connection to banks through a single API, enabling its customers to strengthen its digital capabilities. With this buyout, Mastercard’s presence in Europe would be solidified.
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MasterCard (NYSE:MA)
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