A handful of big-name acquisitions have dominated headlines this week.
The U.K.’s Competition and Markets Authority cleared the way for Mastercard’s acquisition of VocaLink, announcing on Tuesday that the companies had adequately addressed competition concerns about the purchase.
“We have the opportunity to extend everything that we’ve accomplished with cards to bank account-based payments and redraw the lines of what’s possible in commerce,” Michael Miebach, chief product officer, Mastercard, said in a statement. “We’ll make it more inclusive, by expanding access to electronic payments. We’ll break down barriers, by innovating across payment types and payment flows. We’ll make it faster, bringing additional real-time payment options to more places and across more devices.”
As PaymentFacilitator.com has previously reported, the deal is significant for extending Mastercard’s reach into bank account-based payment. VocaLink’s Faster Payments ACH platform powers real-time payments in the U.K., Singapore, and Thailand, with the service coming to the U.S. later this year, Mastercard said.
In a very different kind of acquisition, Indie Hackers announced that it was being bought by leading payment facilitator Stripe.
Indie Hackers is a web site dedicated to building a community of entrepreneurs where founders of successful businesses share their stories.
In a statement, Indie Hackers founder Courtland Allen said that Stripe was interested in Indie Hackers because it’s geared toward helping businesses grow.
“Unlike a lot of startup communities, Indie Hackers is firmly about businesses that generate real revenue and the entrepreneurs behind them. These contributors can provide Stripe with better insights into the needs and challenges faced by people who often don’t have the luxury of VC funding,” Allen wrote.
And finally, leading Indian online marketplace and payment facilitator Flipkart announced this week that it had raised $1.4 billion in investments from Tencent, eBay and Microsoft. The deal with eBay includes Flipkart’s acquisition of eBay India, the company said. Flipkart and eBay also signed a cross-border trade agreement in which customers of each site would have access to inventory from the other’s sellers.