October 10 (SeeNews) - MasterCard said on Thursday it has agreed to acquire Turkish payment solutions provider Provus Bilisim Hizmetleri A.S. for an undisclosed amount.
The acquisition is in line with MasterCard's strategy of expanding its processing presence in high-growth markets and will strengthen its processing capabilities and its ability to offer value-added services in the region, MasterCard said in a statement.
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Provus provides issuer and acquirer processing, prepaid solutions and ATM processing services to financial institutions, telecommunication service providers and retailers.
The transaction is subject to regulatory approval and is expected to close in the last quarter of 2013.