Mastercard seeks help from payment processors to cover Banco Master losses
Mastercard is seeking assistance from Brazil's major payment processors to help cover losses incurred from the collapse of Banco Master. The card network has already absorbed approximately $440 million in obligations after the bank's liquidation. Negotiations are underway to establish a cost-sharing arrangement for the remaining liabilities associated with Banco Master's failed credit card program.
- ▪Mastercard covered around $440 million in obligations after Banco Master's collapse.
- ▪Banco Master SA was placed into extrajudicial liquidation by the Central Bank of Brazil on November 18, 2025.
- ▪Mastercard is negotiating with Brazil's largest payment processors for a cost-sharing arrangement.
- ▪The company has seized collateral assets from Banco Master to recoup losses.
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Mastercard seeks help from payment processors to cover Banco Master losses The card network is asking Brazil's biggest payment processors to share the burden of roughly $440 million in obligations it covered after Banco Master's collapse. Share Add us on Google by Editorial Team May. 22, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); When a bank fails, somebody has to pay the merchants.
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