IN BRIEF: Wameja And Mastercard Extend Terms Over Timetable Revision
Fri, 5th Feb 2021 15:41
Wameja Ltd - Australian software company - Agrees with Mastercard Inc to extend the terms of their scheme implementation agreement. This accommodates a revision to the indicative transaction timetable for the scheme or arrangement after Seamless Distribution Systems AB, which purchased Wameja s core business in July 2019, gave notice of a potential claim under indemnity given by Wameja to Seamless concerning licences for certain third party intellectual property utilised by Botswana Telecommunications Corp Ltd as users of eServGlobal s Paymobile platform. Seamless later notified of potential further claims under the indemnity regarding third party intellectual property use in Paymobile.