.BARCELONA, SPAIN - MARCH 01: A view of the MasterCard business logo design on their stand during the course of the Mobile World Our Lawmakers on March 1, 2017 in Barcelona, Spain. (Photograph by Joan Cros Garcia/Corbis through Getty Images) Joan Cros Garcia - Corbis|Corbis Headlines|Getty ImagesMastercard said Tuesday that it's accepted acquire Minna Technologies, a software application company that makes it easier for individuals to handle their subscriptions.The move comes as Mastercard and its own primary payment system competing Visa are quickly trying to broaden beyond their primary credit history as well as debit memory card services into technology services, such as cybersecurity, fraud protection, as well as pay-by-bank payments.Mastercard refused to make known monetary particulars of the purchase which is actually presently based on a governing review.The settlements giant stated that the bargain, alongside various other initiatives it is actually devoted to around registrations, will definitely enable it to provide customers a means to accessibility all their memberships in a single perspective u00e2 $" whether within your financial application or even a main "hub." Minna Technologies, which is based in Gothenburg, Sweden, builds technology that helps buyers manage memberships within their financial applications and internet sites, no matter which repayment strategy they made use of for their subscriptions.The company said it partners with a number of the planet's most extensive financial institutions worldwide today. It presently counts Mastercard as a vital partner as well as its own competing Visa." These teams as well as technologies will add to the more comprehensive set of tools that aid manage the merchant-consumer partnership as well as lessen any type of interruption in their expertise," Mastercard claimed in a blog post Tuesday.Consumers today often have lots of registrations to handle across numerous companies such as Netflix, Amazon and also Disney And Also. Possessing multiple registrations may create it difficult to cancel them as customers may wind up losing track of which memberships they are actually spending for and also when.Mastercard kept in mind that this may possess a damaging impact on sellers due to the fact that individuals that aren't capable to conveniently cancel their subscriptions end up calling their banks to request a block on remittances being actually taken.According to Juniper Study information, there are 6.8 billion subscriptions around the world, a number that is actually expected to dive to 9.3 billion through 2028. Financial companies incumbents like Mastercard have been swiftly growing their item set to continue to be competitive with surfacing fintech gamers that are offering easier, electronically indigenous methods to handle individuals' money management needs.In 2020, Mastercard obtained Finicity, an USA fintech firm that permits third parties u00e2 $" u00c2 like fintechs or even various other banking companies u00e2 $" u00c2 to gain access to individuals' banking information and make payments on their behalf.Earlier this year, the provider announced that through 2030, it will tokenize all cards issued on its system in Europe u00e2 $" to put it simply, as a customer, you definitely would not need to have to enter your memory card details by hand anymore and also will just need to use your thumbprint to confirm your identification when you pay.Visa, in the meantime, is actually additionally making an effort to remain reasonable with fintech challengers. Last month, the firm launched a brand-new solution referred to as Visa A2A, which makes it simpler for individuals to put together as well as handle direct debits u00e2 $" repayments which are actually taken directly coming from your savings account as opposed to through card.