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UBER Expands Mastercard Deal: Is the Growth Story Strengthening?
ZACKS· 2025-07-29 15:01
As part of the renewed collaboration, Uber will integrate multiple Mastercard products and services. These include Mastercard Move for real-time payouts, Mastercard One Credential to simplify payment experiences and Mastercard Gateway to streamline collections and support secure business operations. The Uber Pro Card, already available in the United States and Canada, has been renewed in these markets and will expand to new regions such as the United Kingdom. This card allows drivers and couriers to receive ...
Mastercard Ties Up to Strengthen Digital Payments Across EEMEA
ZACKS· 2025-03-03 19:00
Core Insights - Mastercard is expanding its presence in the Eastern Europe, Middle East, and Africa (EEMEA) region through multiple partnerships aimed at enhancing digital payment solutions and security [1][3][4]. Partnership Initiatives - The first partnership with MTN Mobile Money in Uganda introduces the Virtual Card by MoMo, allowing users to make secure online payments without needing a physical card or bank account [1][2]. - The collaboration with Emirates NBD integrates Mastercard Gateway into its payment platform, making it the first acquiring bank to use Mastercard's Brighterion AI technology for improved payment security and efficiency [3]. - A partnership with Sadad in Qatar aims to launch a digital payment gateway that enhances security through tokenization and biometric authentication, providing local merchants with access to over 30 payment methods [4]. - The extension of the partnership with Checkout.com will enable seamless fund transfers directly to Mastercard cards, enhancing disbursements and payouts for businesses and individuals in the UAE [5]. Financial Implications - The partnerships are expected to expand Mastercard's customer base and increase net revenues from its payment network, which saw a 10% year-over-year growth in 2024 [6]. - The value-added services from the collaborations with Emirates NBD, Sadad, and Checkout.com are projected to drive higher revenues, with this revenue component reporting a 17% year-over-year growth during 2024 [7]. Market Performance - Mastercard's shares have increased by 9.4% year-to-date, slightly outperforming the industry average growth of 9.1% [8].