Mastercard Incorporated (NYSE:MA) agreed to acquire an unknown minority stake in Conferma Limited from Sabre GLBL Inc. on November 28, 2022. New partnership with Mastercard will help Conferma Pay to build new and enhanced digital capabilities in virtual cards, transforming the payment experience for issuers. Conferma Pay will continue to operate independently and serve the entire travel industry and beyond. This deal is subject to customary closing conditions.

Mastercard Incorporated (NYSE:MA) completed the acquisition of an unknown minority stake in Conferma Limited from Sabre GLBL Inc. on January 31, 2023. As a part of the acquisition, Jason Lalor is appointed as Chief Executive Officer of Conferma.