Mastercard announced the acquisition of Arcus, a Mexican payments platform.
Arcus’ platform is improving access to financial services in Mexico with a full-stack service that facilitates bill payments and cash-in and cash-out across Latin America. Arcus Pay Network is connected with many of Mexico’s largest billers.
“The past year has shown how critical digital solutions are for people and businesses across the region,” said Laura Cruz, Regional President for Mexico and Central America at Mastercard.
The acquisition will enhance Mastercard’s product offering in the region and further support Mexico’s financial services ecosystem.
“With the addition of the Arcus team we will be able to enhance our existing payment experiences. We will continue to create new opportunities and everyday needs by connecting more people to the digital economy,” Cruz continued.
Mastercard will accelerate the introduction of Mastercard Bill Pay to Latin America with the help of Arcus’ technology and network.
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