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”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
