Mastercard acquires startup Minna for subscription management

On October 1, Mastercard announced the acquisition of the Swedish startup Minna Technologies, which specializes in subscription management.

This move aims to expand Mastercard's services beyond the traditional issuance of credit and debit cards, including cybersecurity and fraud prevention technologies.

Through Minna, Mastercard plans to provide users with the ability to manage all their subscriptions in a single interface, whether within a banking app or a central hub.

In the face of competition from FinTech companies, Mastercard is actively expanding its product line. Earlier this year, the company announced plans to tokenize all cards issued on its network in Europe by 2030, simplifying the payment process for users.

Source: cnbc.com