Mastercard Offers Brazilian Acquirers 50% Payout and Services in Will Bank Dispute
Mastercard is proposing to pay half the amount demanded by Brazilian merchant acquirers that were impacted by the collapse of Will Financeira, also known as Will Bank, a FinTech tied to the failed Banco Master, Bloomberg reported Friday (Aug. 14), citing unnamed sources. In addition, Mastercard is proposing to provide the firms with services such […] The post Mastercard Offers Brazilian Acquirers…
Mastercard is offering Brazilian acquirers impacted by the collapse of Will Financeira, also known as Will Bank, a 50% payout and services such as fraud protection for multiple years. This follows a previous proposal from Mastercard to pay half the amount demanded by the impacted acquirers, totaling around $475 million, with Mastercard settling about half of that amount but disputing the other half.
Mastercard's offer comes as part of ongoing negotiations with the liquidator and regulator to minimize the impact on the payments ecosystem, with the full settlement expected once outstanding funds are received from the liquidator.
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