Marqeta (MQ) FY Conference May 20, 2025 08:35 AM ET Speaker0 Alright. Fantastic. Welcome back, everyone. Very happy, very pleased to welcome Todd Pollock, Chief Revenue Officer of Marketa, back again to the conference. Todd, thank you so much for coming back. Speaker1 Thanks for having Speaker0 me. Why don't we jump in with a relatively high level question, which is just is embedded finance. You guys have used the term investors here at a lot. You know, define it for us. What does it what does it mean to yo ...

Corpay (CPAY) FY Conference May 20, 2025 08:00 AM ET Speaker0 Everybody, welcome back to day two of our Barclays emerging payments and fintech forum. I'm honored to have Alyssa Vickery, chief financial officer of Corpay with us here today. Olissa, thank you so much for being here again. I think you were here a couple years ago, and it's great to have you back. Thanks. Why don't we start with where I have been starting quite a bit at the conference with just sort of your view, macros top of mind, your view o ...

Core Insights - Moneycorp, a UK-based international payments and FX platform, has selected Temenos to enhance its product offerings and operational efficiency through the adoption of Temenos SaaS [1][5] - The partnership aims to enable Moneycorp to focus on business growth while providing advanced wallet and payment capabilities for an improved client experience [2][5] Company Overview - Moneycorp operates globally with a presence in Europe, North America, South America, and Asia, facilitating payments and foreign exchange transactions for various clients [3] - In 2023, Moneycorp handled £71 billion in trading volume, serving 11,000 B2B clients, 250 financial institutions, and over 23,000 individuals [3] Operational Strategy - By adopting Temenos SaaS, Moneycorp can roll out new capabilities globally, utilizing a build-once, deploy anywhere approach across different regulatory jurisdictions [4] - The use of Temenos Model Bank with pre-configured banking functionality will allow Moneycorp to achieve faster time to value while reducing costs and delivery risks [4] Technology and Innovation - Temenos' open, API-based architecture will facilitate integration with Moneycorp's ecosystem, enhancing operational agility and accelerating innovation [4] - The partnership is expected to support Moneycorp's strategic transformation, underpinning its core banking and payments ecosystem across global operations [5]

Group 1: BILL Holdings, Inc - JP Morgan analyst Tien-tsin Huang hosted 17 payments and processing firms at the Global TMC Conference in Boston, maintaining an Overweight rating on BILL Holdings with a price target of $55 [1] - BILL is recognized as a category killer in SMB AP Automation, effectively displacing manual and legacy solutions, including paper check processing [1] - Huang sees potential for BILL to reclaim its status as a top growth name through cross-selling recent acquisitions, leveraging partnerships with banks and accountants, and helping SMBs reduce costs via automation [2] - Projected fourth-quarter revenue for BILL is $376 million with an adjusted EPS of $0.41 [2] - As of the last check, BILL's stock is down 0.41% at $46.07 [5] Group 2: Fiserv, Inc - Huang maintains an Overweight rating on Fiserv with a price target of $210, slightly down from $211 [2] - Fiserv is viewed as a dependable growth story, with mid-teens EPS growth driven by double-digit top-line growth, operating leverage, and capital deployment [3] - The company has a solid portfolio, including its Clover product, which is gaining market share and growing faster than peers [3] - Projected second-quarter revenue for Fiserv is $5.19 billion with an adjusted EPS of $2.39 [3] Group 3: Marqeta, Inc - Huang upgraded Marqeta's rating to Overweight from Neutral, with a price target of $6, up from $5 [4] - Marqeta's platform supports card programs in high-growth areas of fintech, including BNPL and digital banking, with notable clients like Block and Affirm [4] - Projected second-quarter revenue for Marqeta is $140 million with an adjusted EPS of $(0.05) [4] Group 4: Remitly Global, Inc - Huang has an Overweight rating on Remitly with a price target of $25, viewing it as a mission-driven disruptor in the remittance market [5] - Remitly is experiencing durable growth with a 34% year-to-date revenue increase and 4% market penetration [5] - Projected revenue CAGR for Remitly through 2027 is 21%, one of the highest in Huang's coverage [5] - Projected second-quarter revenue for Remitly is $385 million with an adjusted EPS of $0.19 [5]

Mastercard Incorporated (MA) and Affirm Holdings, Inc. (AFRM) sit on two very different ends of the digital payments spectrum. Mastercard is a global legacy player with a stronghold in credit and debit card transactions. Affirm, on the other hand, is a rising disruptor in the Buy Now, Pay Later (BNPL) space, aiming to reinvent consumer credit with transparent, flexible instalment plans.Despite their differences, both companies share a common mission: facilitating consumer spending in an increasingly cashles ...

Mastercard Incorporated (NYSE:MA) Barclays 15th Annual Emerging Payments and FinTech Forum May 19, 2025 9:10 AM ET Company Participants Raj Seshadri - Chief Commercial Payments Officer Conference Call Participants Peter Ramsey - Barclays Investment Bank Peter Ramsey We are honored to have Raj Seshadri, Chief Commercial Payments Officer of Mastercard here with us. Raj, thank you so much for joining us. Really appreciate it. Raj Seshadri Thank you, Ramsey. Thank you for inviting me and including me. It's a pl ...

Summary of Mastercard (MA) FY Conference Call - May 19, 2025 Company Overview - **Company**: Mastercard (MA) - **Speaker**: Raj Seshadri, Chief Commercial Payments Officer Key Points Industry and Market Dynamics - The commercial payments industry represents a **serviceable addressable market (TAM)** of **$80 trillion**, with only **$3 trillion** currently carded, indicating a significant opportunity in the **$77 trillion** non-carded segment [17][18] - The **invoice payments** segment accounts for **$63 trillion**, with **$61 trillion** not carded, highlighting inefficiencies and opportunities for improvement [20][22] - The **medium and long-term impacts** of macroeconomic factors and tariffs remain uncertain, but businesses are focused on reducing expenses and improving controls on spending [13][15] Growth Strategies - Mastercard is leveraging its **proprietary virtual card engine** to enhance payment processes, increase working capital, and improve reconciliation for both buyers and suppliers [32][34] - The company is actively pursuing **small and medium enterprises (SMEs)**, which represent **90% of all businesses** and **50% of all jobs** globally, by offering tailored value propositions and enhancing distribution channels [42][44] - The focus on **point of sale** and **invoice payments** involves increasing card acceptance, enhancing value propositions, and embedding solutions into existing software platforms [25][30] Competitive Positioning - Mastercard's market share in commercial payments has grown by **four points** since 2019, now representing about **one-third** of the market [22] - The company is experiencing growth rates faster than the industry average, with **13% growth** in gross dollar volume (GDV) in 2024 [22] Partnerships and Collaborations - A strategic partnership with **Corpay** aims to enhance cross-border payment capabilities, combining Mastercard's small ticket solutions with Corpay's large ticket offerings [67][70] Future Outlook - The commercial and new payment flows sector presents a **$100 trillion opportunity**, driven by both share shift and secular shift trends [76] - Mastercard's capabilities, particularly in technology and services, position it well to capitalize on these trends, with a focus on reducing expenses and improving operational efficiencies for businesses [78] Additional Insights - The company is actively monitoring macroeconomic conditions and adapting its strategies to remain agile in a changing environment [14][15] - There is a strong emphasis on **financial inclusion** for SMEs, with innovative solutions being deployed to drive acceptance and usage of Mastercard products [49][50] Conclusion Mastercard is strategically positioned to capitalize on significant growth opportunities within the commercial payments sector, leveraging technology, partnerships, and a focus on SMEs to drive future success. The company remains vigilant in monitoring macroeconomic trends and adapting its offerings to meet the evolving needs of businesses globally.

Core Insights - Corpay and Computer Guidance Corporation have released a joint case study highlighting their integrated accounts payable automation solution for S.T. Wooten, a construction firm [1][4] - The partnership aims to modernize and streamline back-office operations for construction companies through secure payment automation within existing ERP systems [2][3] Company Overview - Computer Guidance Corporation provides a leading construction enterprise resource planning (ERP) solution, serving thousands of clients across North America, with over 20% of clients on top ENR lists [5] - Corpay is a global S&P 500 corporate payments company that processes 1.9 billion transactions annually and is the number one B2B commercial Mastercard issuer in North America [6][7] Solution Features - The integrated solution is built on a flexible, API-based framework that allows real-time data exchange between Corpay's payment automation platform and Computer Guidance's eCMS ERP system, enhancing visibility and accuracy while reducing manual processing [3][4] - The case study emphasizes the benefits of reducing payment friction, strengthening vendor relationships, and allowing accounts payable teams to focus on strategic initiatives [4][5] Market Impact - The collaboration between Corpay and Computer Guidance aims to simplify workflows, improve control, and drive meaningful cost savings for construction finance teams [5] - The unified spend management platform, Corpay Complete, offers various solutions including Payments Automation and Invoice Automation, which help clients automate and secure business payments [7]

Mastercard Incorporated (MA) recently partnered with MoonPay to make use of MA-branded cards and enable seamless payments and disbursements through stablecoins across global markets. The collaboration will allow businesses and fintechs to utilize the abovementioned cards linked to users’ stablecoin balances, which they can spend at more than 150 million Mastercard-accepting locations worldwide. Cardholders will be able to make purchases using their stablecoins, which will be instantly converted into fiat cu ...

Core Insights - Euronet Worldwide, Inc.'s Money Transfer unit has partnered with Visa Inc. to integrate Visa Direct into its services, enhancing its digital payment capabilities [1][2] - The collaboration allows Euronet to facilitate real-time money transfers to over 4 billion Visa debit cards globally, using only the recipient's name and card number [2][4] - The integration is timely, aligning with the increasing use of debit cards for transactions and modernizing Euronet's digital payout infrastructure [4][5] Euronet's Money Transfer Unit - The Money Transfer unit, which includes Ria Money Transfer, Xe, and Dandelion, processed 44.6 million transactions in Q1 2025, reflecting a 10% year-over-year increase [7] - Revenues in this segment advanced by 9% year-over-year in the same quarter [7] - Dandelion's enhanced capabilities will support real-time cross-border payments, offering various payout options such as direct bank deposits and cash pickups [6] Market Context - According to the World Bank, over half of individuals aged 15 and above possess a debit card, indicating a significant market for digital payments [5] - The Nilson Report forecasts that global debit and prepaid card purchases will exceed $1.1 trillion by 2029, highlighting growth potential in the sector [5] Share Performance - Euronet's shares have increased by 7.1% year-to-date, outperforming the industry average decline of 2.7% [8] - The company currently holds a Zacks Rank of 3 (Hold), indicating a stable outlook [8]