Mastercard Stuck With Billions After Banco Master Crash

2026-03-24 - 12:10

Key Points — Mastercard absorbed roughly R$2.5 billion ($440 million) in unpaid retailer obligations after Banco Master’s fintech subsidiary Will Bank collapsed with R$5 billion ($880 million) in pending card transactions — The card network seized collateral including a 6.9% stake in Banco de Brasília and 32% of e-commerce company Westwing, and has already begun