Why did Transfast discontinue its online money transfer service in February 2020?

Asked Feb 2, 2020· 1 answer

Faisal KhanAnswered Feb 2, 2020

Presumably because once MasterCard acquired it, it does not want the company to continue with online payments and compete directly with MasterCard’s peer to peer payments that they have rolled out, i.e. card to card payments.

Payments Business Models Money Transfer Business Models Fintech Mergers and Acquisitions Operations

Related in Starting and Running a Fintech or Payments Business

Is there market space for another major payment service provider like PayPal?1 ans Is it plausible that an independent PayPal could acquire Square?1 ans Did Visa ever acquire Mastercard?1 ans After Visa acquired Fundamo in South Africa, did it actually gain emerging-market share or was the $100 million largely wasted?1 ans