Why Mastercard Bought VocaLink for $920 Million — Fortune

For 50 years Mastercard was focused on so-called P2M payments–person to merchant, a.k.a. the classic retail transaction. But P2P–person to person–payments are suddenly all the rage, thanks to PayPal-owned Venmo and others. Who needs to write a check or withdraw cash when you can digitally send other people money using your smartphone? Why should anyone…

via Why Mastercard Bought VocaLink for $920 Million — Fortune

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