The acquisition is set to build on MasterCard’s delivery of processing services and value added services for both financial institutions and customers in the emerging prepaid and mobile payments space.
Founded in 2001 and headquartered in Istanbul, Provus’s customer base includes financial institutions, telecommunication service providers and retailers. Provus’s payments services business includes issuer and acquirer processing, prepaid offerings and ATM processing services.
In recent news, MasterPass, the digital platform from MasterCard, has been adopted by new retailers including Beyond the Rack, Currys, lastminute.com, Newegg and PC World.
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