Bank Audi has sold its electronic payment and card services business to M1 Financial Technologies, a subsidiary of M1 Group. M1 will operate the business via Areeba SAL.
The value of the deal is $185 million, but is subject to adjustment of up to $35 million. The deal includes acquiring the team, equipment, machines, and all points of sale. The completion of the deal is waiting for the final approval from the Central Bank, as well as the relevant service providers, including MasterCard an...
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