View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 6, 2014

MasterCard acquires payment solutions provider Provus

Acquisition will strengthen MasterCard’s processing capabilities and ability to offer value-added services in the region.

By Duncan Macrae

MasterCard has completed the acquisition of Provus Bilisim Hizmetleri A. S. (Provus), a Turkish 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.

Founded in 2001 and headquartered in Istanbul, Provus’ customer base includes financial institutions, telecommunication service providers and retailers. Provus’ payments solutions business includes issuer and acquirer processing, prepaid solutions and ATM processing services.

Commenting on the acquisition, Javier Perez, president of MasterCard Europe, said: "The acquisition of Provus enables MasterCard to continue developing innovative solutions to add value to our customers, and increases our processing presence in Europe. Turkey continues to be a very exciting and growing market and this acquisition provides an important platform that will enable us to not only serve customers locally but also to continue to deliver innovative payment solutions across the region."

Tunc Dasar , CEO, Provus, said: "The announcement represents an exciting new chapter for our business, which has been delivering cutting edge payment solutions and processing services for both traditional and non-traditional customers in Turkey. We look forward to the future as part of the MasterCard family and are focused on delivering innovation in payment solutions and processing to the widest possible audience."

Terms of the deal were not disclosed.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU