Mastercard's $2.65 billion bet on Cybersecurity: acquiring Recorded Future 💸🛡️; Brazil's Pix instant payments set to dethrone credit cards by 2025 😳💳
FinTech is Eating the World, 12 September
Hey Everyone,
Happy Thursday! Today’s issue is an absolute banger as we’re going to look into Mastercard's second-biggest acquisition of all time (why snapping Recorded Future for $2.65B is a great move & what it tells us about the future + bonus dives in both Visa & Mastercard), and Brazil's Pix that’s set to dethrone credit cards by 2025 (what’s happening & why it matters + bonus deep dives into my favorite LatAm’s FinTechs). Let’s just jump straight into the fascinating stuff 🌶️
Mastercard's $2.65 billion bet on Cybersecurity: acquiring Recorded Future 💸🛡️
The news 🗞️ In a bold move that underscores the critical importance of cybersecurity in the financial sector, Mastercard MA 0.00%↑ has just announced its plans to acquire a leading threat intelligence company Recorded Future for a whopping $2.65 billion.
This strategic acquisition, slated to close by the first quarter of 2025, represents Mastercard's most significant investment in cybersecurity to date (and also is the second biggest acquisition of all time!) and signals a new era in the financial services industry's ongoing battle against cybercrime.
Let’s take a closer look at this, see why it matters, and what’s next.