Strategic Payments Services
MasterCard's majority shareholding in SPS sends a strong message to the market about the value SPS delivers through its proven processing capabilities.
SPS stands to further benefit from MasterCard’s payments expertise and network processing flexibility, enabling it to meet the needs of a broader client base.
Strategic Payments Services (SPS) is pleased to announce that MasterCard has increased its stake in SPS to 52.5% and is now the majority shareholder in SPS. Bendigo and Adelaide Bank Ltd will retain a 47.5% shareholding.
About our partners
Bendigo and Adelaide Bank
Bendigo and Adelaide Bank is a customer and community focused bank with more than 1.3 million customers across Australia. Its products and services are available through more than 500 outlets across Australia. Bendigo has a market capitalisation on the Australian Securities Exchange of nearly $4 billion.
MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard®, Maestro® and Cirrus® MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com