MasterCard MA today announced that it has entered into an
agreement to acquire Provus Bilişim Hizmetleri A. Ş. (“Provus”),
Turkey's leading independent payment solution and processing provider.
The acquisition will build on MasterCard's strategy of increasing its
processing presence in high-growth markets and deliver superior
processing solutions and innovative value added services for both
financial institutions and customers in the emerging prepaid and mobile
payments space. This transaction, which is subject to regulatory
approval, is anticipated to close in the fourth quarter of 2013.
Founded in 2001 and headquartered in Istanbul, Provus's customer base
includes financial institutions, telecommunication service providers and
retailers. Provus's payments solutions business includes issuer and
See full press release
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