Mastercard Incorporated Stock Price, News & Analysis

Netcetera has been designated as a Digital First partner by Mastercard, enhancing their collaboration in the digital payments sector. This partnership allows access to Mastercard's global network of technology and fintech partners, facilitating rapid deployment of digital payment solutions. With over 25 years of experience, Netcetera provides secure payment products that cater to increasing consumer demand for digital experiences. This collaboration aims to further accelerate digital transformation in payment and banking industries.

This holiday season, U.S. retail sales (excluding automotive) are projected to rise by 7.1% year-over-year, according to Mastercard SpendingPulse's annual forecast. Factors such as new job creation, rising wages, and consumer savings are expected to drive spending. Key trends include an early start to shopping, with significant retail growth anticipated, driven by promotional activities and a focus on in-store experiences. Spending in specific sectors like apparel and luxury is particularly strong, expected to grow by 4.6% and 4.4%, respectively.

Mastercard Incorporated (NYSE: MA) announced its participation in two investor conferences in September. On September 14, Craig Vosburg, chief product officer, will present at the Goldman Sachs Communacopia + Technology Conference in San Francisco at 1:00 p.m. Eastern Time. On September 15, Sachin Mehra, chief financial officer, will present at the virtual Autonomous Future of Commerce Symposium at 1:35 p.m. Eastern Time. Both discussions will be available via live audio webcast and archived for 30 days on Mastercard's investor relations website.

Mastercard and Ajman Bank have launched the Touch Card, a groundbreaking payment card designed to enhance accessibility for blind and partially sighted individuals in the UAE. This world-first card features distinctive notches to help users easily identify their cards while facilitating payments. The Touch Card is compatible with point-of-sale systems and ATMs, ensuring broad usability. Additionally, cardholders can enjoy up to 10% cash back in select categories. This initiative reflects a commitment to fostering inclusion and aligns with global efforts to enhance the digital economy for individuals with disabilities.

Mastercard Incorporated (NYSE: MA) announced that Raj Dhamodharan, EVP of blockchain & digital currencies, will present at the Deutsche Bank Technology Conference in Las Vegas on Thursday, September 1, at 11:45 a.m. ET. The presentation will last approximately 35 minutes and will be available via live audio webcast on investor.mastercard.com. A replay will be archived for 30 days after the event.

Mastercard is committed to enhancing the digital economy through secure and innovative solutions across over 210 countries.

Hello Alice, a platform supporting over one million small businesses, has launched the Hello Alice Small Business Mastercard. This initiative aims to enhance Equitable Access to Credit by providing small business owners with a credit card designed to improve financial health and accessibility. In partnership with Mastercard and First National Bank of Omaha, the card includes features like cashback and rewards for business-related activities. By 2025, Hello Alice plans to distribute $70 million in grants, potentially unlocking $1 billion in credit access for underserved entrepreneurs.

On August 8, 2022, REI Co-op and Capital One announced their partnership, launching the REI Co-op® Mastercard® program. This card aims to enhance rewards for outdoor enthusiasts, offering benefits such as 5% back on REI purchases and 1.5% back on other purchases, with no annual fees. New cardholders can earn a $100 REI gift card after their first purchase and a $50 annual credit for booking REI experiences. The card supports sustainability with materials made of 85% recycled content and also includes contributions to the REI Cooperative Action Fund.

Mastercard SpendingPulse reports U.S. retail spending rose 11.2% year-over-year in July, excluding automotive sales. E-commerce grew by 11.7% YOY, marking a rebound after earlier slowdowns. Grocery sector sales surged 16.8%, while apparel and jewelry saw increases of 16.6% and 18.6% respectively. However, spending on home-related goods declined as the housing market cooled. Despite inflationary pressures, consumer spending remains strong, highlighting resilience amid economic challenges.

Mastercard SpendingPulse reports a significant rise in U.S. retail spending, up 11.2% year-over-year in July, with e-commerce sales experiencing a notable increase of 11.7%. The grocery sector saw a 16.8% uptick in sales, driven mainly by rising food prices. In contrast, home-related goods sales growth has slowed, reflecting a cooling housing market and higher interest rates. While overall spending remains strong, consumers are adapting to inflation's pressures on everyday essentials like food and energy.