logo-loader
viewEquals Group PLC

Equals Group inks new five-year agreement with US financial services giant Mastercard

Mastercard will provide assistance to Equals to grow its various card-based businesses through improved economic terms based on transaction volumes

Mastercards
Ian Strafford-Taylor, Equals Group CEO, commented: "We have been a Mastercard-affiliated Company for many years but this deal further cements our relationship"

Equals Group Plc (LON:EQLS), the e-banking and international payments group, revealed Tuesday that it has entered into a new five-year agreement with US financial services giant Mastercard inc (NYSE:MA).

Under the deal, the company said in a statement, Mastercard will provide assistance to Equals to grow its various card-based businesses through improved economic terms based on transaction volumes and also assist in the process of Equals becoming an issuer of all its cards.

READ: Equals Group raises £14.3mln through placing and open offer

Ian Strafford-Taylor, Equals Group CEO, commented: "We have been a Mastercard-affiliated Company for many years but this deal further cements our relationship and the closer ties and improved economics will enable Equals to accelerate its growth prospects in all areas of its business."

Last month, Equals Group raised a total of £14.3mln through a placing and an open offer which the firm said would be used to accelerate plans for corporate products, as well as providing opportunities for bolt-on acquisitions.

Contact the author at [email protected]

Quick facts: Equals Group PLC

Price: 29.5 GBX

AIM:EQLS
Market: AIM
Market Cap: £52.69 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

NQ Minerals' David Lenigas says 44% boost to Hellyer production is 'biggest...

NQ Minerals PLC's (LON:NQMI) tells Proactive London's Andrew Scott that the plant upgrade at the Hellyer Gold Mine in Tasmania has resulted in a 44% increase in production. The enhancements, done six months ahead of expectation, have resulted in hourly production of 150 tonnes, which equates to...

9 hours, 3 minutes ago

2 min read