We are advising Mastercard on the transaction

Davis Polk is advising Mastercard Inc. on its acquisition of BVNK Services Limited for up to $1.8 billion, including $300 million in contingent payments. The transaction, which is expected to close before the end of 2026, is subject to regulatory review and other customary closing conditions.

Mastercard powers economies and empowers people in over 200 countries and territories worldwide. The company supports a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Mastercard combines technology and innovation, partnerships and networks to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

BVNK is a stablecoin-powered financial stack for enterprises. Since its founding in 2021, BVNK has built deep expertise and industry-leading infrastructure to bridge fiat and stablecoins. Today, the BVNK platform enables sending and receiving payments for its customers on all major blockchain networks across more than 130 countries.

The Davis Polk corporate team includes partner Brian Wolfe and associates Claire Fischer, Federica Camilleri de Marco, Liam Loeb and Harshit Patel. Partner Pritesh P. Shah is providing intellectual property advice. Partners Dominic Foulkes and William A. Curran are providing tax advice. Partner Veronica M. Wissel and associate Mackenzie Hamilton are providing executive compensation advice. Partner Matthew Yeowart is providing antitrust and competition advice. Members of the Davis Polk team are based in the New York and London offices.

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