Investor Relations: NEW YORK, Aug. 26, 2025 /PRNewswire/ -- Payoneer Global Inc. (NASDAQ: PAYO), the global financial technology company powering business growth across borders, today announced that John Caplan, Chief Executive Officer, will participate in a fireside chat at the Goldman Sachs Communacopia + Technology Conference on Tuesday, September 9, 2025 beginning at approximately 10:30 am ET. Investors and interested parties can access the live webcast and replay of the presentation by visiting the Com ...

Corpay (CPAY) M&A Announcement Summary Company and Industry - **Company**: Corpay (CPAY) - **Industry**: B2B Cross Border Payments and Financial Services Key Points and Arguments Acquisition Details - Corpay announced the acquisition of Alpha Group, a European B2B cross border company, for £42.5 per share, totaling approximately $2.2 billion USD in enterprise value [9][12] - The acquisition is expected to close in Q4 2025, pending shareholder and regulatory approvals [10] Rationale for the Acquisition - Alpha has experienced significant growth, tripling its revenue from 2021 to 2024, and is expanding into new geographic markets in Europe [7][8] - The acquisition will enhance Corpay's entry into the investment manager and asset manager segments, which are viewed as attractive markets [11] - Alpha's products, including alternative bank accounts and bank account consolidation software, will be cross-sold to Corpay's existing corporate accounts and financial institution clients [12][22] Financial Projections and Synergies - The deal is expected to be highly accretive, with an estimated $0.50 accretion in 2026 [12][61] - Corporate payments revenue is projected to exceed $2 billion in 2026, representing over 40% of Corpay's overall revenue [12] - Expected pro forma leverage post-acquisition is in the range of 2.3 to 2.9, depending on divestiture success [9] Market Expansion and Customer Segments - Alpha strengthens Corpay's presence in the UK and Europe, opening new markets in Germany, Malta, and The Netherlands [14] - Approximately two-thirds of Alpha's revenue comes from the private markets institutional funds vertical, which is expected to drive significant sales growth [14][19] - Corpay plans to leverage Alpha's existing customer relationships to expand into North America and APAC [14][19] Digital Currency and Blockchain Strategy - Corpay is focusing on digital currency and stablecoin segments, aiming to provide on-ramp and off-ramp services for clients [16][17] - The company is developing capabilities to send and receive stablecoins, expected to go live in Q4 2025 [18][19] - Corpay views stablecoins as complementary to its existing services, enhancing efficiency and access to 24/7 payments [71][72] Competitive Advantage - Corpay's ability to quickly set up multi-currency accounts in various geographies provides a competitive edge over traditional banks [25][46] - The acquisition of Alpha is seen as a strategic move to enhance Corpay's technology stack and operational efficiency [19][114] Risks and Considerations - The acquisition is subject to various uncertainties and risks that could affect expected results [4] - Corpay acknowledges the need for careful integration of Alpha's technology and operations into its existing platform [112][114] Additional Insights - Corpay's existing licensing footprint and sales resources are expected to facilitate rapid growth in the institutional segment [19][80] - The company is optimistic about the potential for revenue synergies, particularly from existing clients [87][90] Conclusion - The acquisition of Alpha Group is positioned as a transformative move for Corpay, aimed at accelerating growth in the cross-border payments sector and enhancing its product offerings in the digital currency space. The strategic rationale is supported by strong financial projections and a clear plan for market expansion and integration.

Core Viewpoint - JP Morgan analyst Tien-tsin Huang maintains an Overweight rating on Mastercard Inc. with a price target of $610, reflecting confidence in the company's growth potential and performance metrics [1][7]. Financial Performance - Mastercard reported fiscal first-quarter net revenues of $7.25 billion, a 14% increase, surpassing the analyst consensus estimate of $7.12 billion [1]. - Adjusted EPS rose 13% to $3.73, exceeding the analyst consensus estimate of $3.57 [1]. - Revenue yield was approximately 0.9 basis points ahead of expectations and increased by two basis points year-over-year, supported by acquisitions, currency volatility, and pricing [1]. Growth Outlook - The company anticipates mid-teens net revenue growth for the second quarter, compared to the $7.78 billion consensus estimate [4]. - For fiscal 2025, Mastercard expects low teen-digit revenue growth, against a consensus estimate of $31.51 billion [4]. - Huang projects rounded 12% foreign exchange neutral or organic revenue growth in 2025, with a slight decrease to 11% for 2026 [6]. Market Trends - Despite a leap year causing expected deceleration in volume growth, Mastercard achieved stable, mid-teens organic revenue growth in the first quarter [2]. - Cross-border growth decelerated slightly more than anticipated but remains comfortably in the mid-teens, with management expressing optimism about diversifying the high-margin cross-border business [3]. Pricing and Valuation - The price target of $610 is based on a 33 times multiple of Huang's calendar 2026 EPS, aligning with the current next-twelve-months multiple and ahead of its three-year average [7]. - The analyst noted that this multiple is justified by Mastercard's premium growth and pricing actions that mitigate near-term foreign-exchange-neutral or organic estimates [7]. Stock Performance - Mastercard's stock is currently up 1.96% at $557.09 [8].