MasterCard completes acquisition of loyalty and rewards service provider Pinpoint

World leading card firm MasterCard has completed its Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Australian loyalty and rewards service provider Pinpoint.

Pinpoint, founded in 1984, is the leading provider of loyalty and reward schemes for the Asia Pacific region. Pinpoint offers a bevy of loyalty services ranging from benefit programs, redemption services and rewards programs.

"This is a significant step for Pinpoint in further developing the business in the region. Pinpoint's deep experience in loyalty and rewards, coupled with MasterCard's vast network and capabilities, will position the company strongly to grow customer relationships with exciting and innovative programs," Kim Harding, Founder of Pinpoint stated.

The purchase will strengthen MasterCard’s currently offered loyalty and reward programs. MasterCard is committed to providing best in class services to its cardholders, supporting merchants, and authorized card issuers, particularly in the Asia Pacific region.

"At MasterCard, we are committed to providing cardholders and customers with topnotch innovative rewards solutions tailored to their interests and needs. With the completion of the acquisition, we will continue to focus on creating synergies to better serve our customers and cardholders. And with Pinpoint's growing presence across Asia Pacific, we are excited for what the future holds for our issuers, merchants and cardholders," Chris Fendley, Group Head, Loyalty Solutions, Asia/Pacific, MasterCard added.

No details about the agreement beyond the closure of the acquisition were provided by either MasterCard or Pinpoint. Financial details such as price, terms, and the future of Pinpoint are currently undisclosed.

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