Mastercard acquiring UK-based VocaLink, expanding direct payments capabilities
Fast on the heels of Visa's enhanced partnership with PayPal, Mastercard announced its acquisition of UK-based VocaLink, a real-time payments platform. The move expands Mastercard's ecosystem beyond traditional card-based payments into market space occupied by the likes of PayPal and its Venmo direct payments platform. Mastercard points out that ACH-based transfers represent 50% of payments [...]