HARRISON (dpa-AFX) - MasterCard Inc. (MA) said Wednesday that it has entered into an agreement to buy Pinpoint Pty. Ltd., a provider of loyalty and rewards services to financial institutions across the Asia Pacific region.
Financial terms of the deal were not disclosed.
Pinpoint, which was founded in 1984 and headquartered in Sydney, is Australia's leading rewards program manager, with a growing footprint across the region into key markets such as China, Hong Kong, India, Taiwan and Japan. Its customer base includes financial institutions and merchants.
The acquisition is expected to close in the second quarter of 2014.
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