Delivery Hero sued Mastercard for a deal terminated last year. Mastercard must pay deal’s original sign-on bonus, says court.
German food delivery company Delivery Hero SE won a UK court ruling, netting it $43.6 million from Mastercard Inc for a payment-processing deal that went sour last year, according to Bloomberg.
Delivery Hero had sued Mastercard in December last year after the credit card giant terminated a deal to process payments, alleging the online food delivery company failed to meet certain conditions and violated the contract.
Mastercard must pay the $40-million sign on bonus to the German company along with interest of $3.58 million for the broken contract, the UK court ruled in a judgment on Wednesday.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
