US credit card collection MasterCard has committed to buy London-listed internet payment company DataCash because of £333m.

DataCash services include secure electronic payments solutions, fraud stoppage, international payment services and various added-value options such as dynamic publicity conversion.

MasterCard has stated it needs to become more competitive in the global consumer ready money payment and transfer market against popular web-based rivals such while PayPal.

A report in The Financial Times quoted Ajay Banga, MasterCards head executive, as saying The acquisition of DataCash will expand our before that time significant e-commerce merchant gateway presence in Asia and Australia to European countries and other lofty-growth, emerging markets worldwide.

MasterCard hopes the acquisition will bear with it to:

Grow its e-commerce business

Expand its MiGS internet gateway profession

Expand DataCash market reach beyond Western Europe

Provide more effective deception screening and management services

Launch a new generation of e-mercantile relations and mobile commerce products