MasterCard acquires most of London-based VocaLink

By Aleesia Forni

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MasterCard Inc. acquired nearly all of VocaLink Holdings Ltd., a payment systems company that handles most of the United Kingdom’s payroll and bill processing.

For around $920 million, MasterCard purchased 92.4 percent of the London-based company in all-cash deal. Under the agreement, a majority of VocaLink’s shareholders will retain a 7.6 percent ownership for at least three years and, if performance targets are met, Mastercard said shareholders have the potential for an earn-out of another $220 million.

Purchase-based MasterCard said this acquisition accelerates its efforts to be “an active participant in all types of electronic payments and payment flows.”

“We’re excited about the opportunity to play a bigger role in payments in the U.K., a very strategic market for us,” said Ajay Banga, president and CEO of MasterCard.


About the author

Aleesia Forni
Aleesia Forni covers transportation, tourism, nonprofits and residential real estate for the Westchester County Business Journal. She previously worked as a financial reporter for the online newsletter Prospect News. She started with the Westchester County Business Journal in April 2016.

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