Saudi financial services startup barq will leverage Mastercard Gateway technology to expand the range of payment acceptance solutions it offers to merchants and consumers.The startup’s partnership with Mastercard will enable it to deliver additional offerings to Saudi businesses, citizens and residents who are increasingly looking for cross-border services and remittance solutions, the companies said in a Friday (Sept. 6) press release.Mastercard Gateway delivers payment processing and fraud prevention tech ...

Mastercard Incorporated (MA) recently partnered with Alibaba Group Holding Limited’s (BABA) business-to-business e-commerce platform Alibaba.com and the renowned fintech innovator, Cardless, to introduce a co-branded credit card. This card is branded as Alibaba.com Business Edge Credit Card. People will be able to apply for the card later this year. The credit card will carry an annual fee of $199.The new credit card is designed to benefit small business owners for domestic and cross-border purchases via Al ...

MasterCard (MA) ended the recent trading session at $477.36, demonstrating a -1.2% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.3% for the day. Meanwhile, the Dow lost 0.54%, and the Nasdaq, a tech-heavy index, added 0.25%.Shares of the processor of debit and credit card payments witnessed a gain of 7.4% over the previous month, beating the performance of the Business Services sector with its gain of 5.74% and the S&P 500's gain of 3.42%.The ...

Throughout August, the general stock market largely traded in positive territory, with specific equities standing out. However, as September begins, several stocks will likely attract significant buying pressure, which could increase their market capitalization. Notably, one of the coveted market cap targets is reaching the $500 billion mark. In this context, Finbold has identified two stocks likely to hit this milestone in September. Both companies are on a growth trajectory that could see them join the el ...

Since August 2019, the payments giant's performance has lagged that of the S&P 500.Over the past five years, Mastercard (MA 0.53%) stock has generated a total return of 77%. That's a respectable gain, but it lags behind the 113% total return of the S&P 500. Zoom out further, though, and you'll see that Mastercard has trounced the market. It's up a whopping 11,180% since its initial public offering in May 2006 (compared to 534% for the S&P 500).So the past five years have underperformed, but the stock is sti ...

MasterCard (MA) ended the recent trading session at $483.34, demonstrating a +0.53% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.01%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq gained 1.13%.The processor of debit and credit card payments's stock has climbed by 3.98% in the past month, exceeding the Business Services sector's gain of 3.77% and the S&P 500's gain of 2.5%.The upcoming earnings release of MasterCard will be of ...

A month has gone by since the last earnings report for MasterCard (MA) . Shares have added about 4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is MasterCard due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Mastercard Q2 Earnings Beat on Strong Cross-Border VolumesM ...

Mastercard Incorporated (NYSE:MA) Deutsche Bank Technology Conference August 29, 2024 11:45 AM ET Company Participants Ed McLaughlin - President & Chief Technology Officer Conference Call Participants Bryan Keane - Deutsche Bank Bryan Keane Good morning. Welcome again to a day two of the DB Tech Conference. And my name is Bryan Keane. I cover the Payments, Processors and IT Services here at Deutsche Bank. And we're really excited to have Ed McLaughlin, who's the President and Chief Technology Officer at Mas ...

Mastercard Incorporated (MA) introduced the Payment Passkey Service globally to enhance online shopping security and convenience. The service is being piloted in India, involving major payment players such as Juspay, Razorpay and PayU, prominent online merchants like bigbasket and leading banks including Axis Bank. After the pilot program in India, the service will be extended globally in the coming months.The Mastercard Payment Passkey Service is built by integrating tokenized payment credentials with biom ...

Mastercard Incorporated (MA) recently announced that its contactless credit and debit cards will be accepted for fare payments on the MTR heavy rail network in Hong Kong, excluding the Airport Express. The new inclusion has already taken effect from Aug 24. This integration will allow Mastercard cardholders to effortlessly tap their contactless cards or payment-enabled devices on the card readers at the light blue entry or exit gates across MTR stations. Initially, each station will feature at least two gat ...