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Pay to play

6 August 2019 By Antony Currie

Bulking up its real-time corporate business makes sense for the $263 bln payments processor. But at $3.2 bln it’s paying European rival Nets at least 21 times EBITDA for slow-growth assets. To justify it, Mastercard boss Ajay Banga needs to slash costs or find new business fast.

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