Mastercard acquires Arcus FI to enhance payments across Latin America

Mastercard Inc. on Nov. 24 announced it had acquired Arcus Financial Intelligence Inc. to enhance the delivery of bill pay solutions and other real-time payment applications across Latin America.

Arcus Financial Intelligence, which has offices in New York and Mexico City, offers services including bill pay and cash-in, cash-out services for billers, retailers, financial technology and traditional financial institutions in the U.S. and Mexico, with expansion into Latin America.

The acquisition will accelerate Mastercard Bill Pay to Latin America, as Arcus' existing customers already issue the majority of household bills in Mexico, according to a press release.