Mastercard Incorporated Stock Price, News & Analysis

U.S. retail sales saw significant growth in April, with a 23.3% year-over-year increase excluding automotive and gasoline. Online sales rose 19.9%, contributing to a total e-commerce share of 21.6% in retail spending. Notably, restaurant sales surged 118.8% compared to 2020 and 5.7%202.7% and 255% year-over-year, respectively. The growth is attributed to factors including stimulus payments and pent-up consumer demand.

Mastercard (NYSE: MA) announced that CFO Sachin Mehra will present at the virtual J.P. Morgan Global Technology, Media & Communications Conference on May 24 at 9:30 a.m. ET, lasting approximately 35 minutes. The presentation will be available via a live audio webcast, with a replay accessible for 30 days thereafter. Mastercard is committed to fostering an inclusive digital economy through secure transactions, leveraging its extensive global connections across over 210 countries.

The Mastercard New Payments Index reveals that 93% of consumers worldwide are open to using emerging payment methods like cryptocurrency and QR codes in the next year. The pandemic has prompted 63% of respondents to try new payment technologies. Contactless payments have surged, with 1 billion more transactions in Q1 2021 compared to the previous year. Notably, 71% of consumers expect to use cash less. The report emphasizes businesses must adapt to consumer demand for diverse payment options to thrive in a rapidly evolving digital economy.

Mastercard Incorporated (NYSE: MA) announced its Q1 2021 financial results. The detailed earnings release is accessible on the company's Investor Relations website. A conference call discussing these results is scheduled for today at 9:00 a.m. ET, with dial-in options available for U.S. and international participants. The call will later be available for replay. Mastercard aims to enhance global payment solutions, driven by its commitment to a digital economy that is inclusive and beneficial for all, leveraging secure data and partnerships.

Petco (NASDAQ: WOOF) has launched Petco Pay, a new credit card program in partnership with Alliance Data Systems (ADS) and Mastercard (MA). This initiative includes two card types: the Petco Pay Mastercard and the Petco Pay Credit Card, offering benefits such as 20% off the first purchase and 8% back at Petco. The program aims to donate up to $1 million annually to Petco Love for pet welfare. The cards are available exclusively for Pals Rewards members and feature no annual fees and personalized card options.

Citi’s Treasury and Trade Solutions has expanded the capabilities of its Payment Exchange service by integrating Mastercard Send, enabling U.S. corporate and public sector clients to send funds directly to consumer debit or prepaid accounts. This integration allows for faster, secure payments, reducing costs while enhancing customer experience. Citi, the largest global treasury bank to implement this service, aims to provide clients with more payment choices, capitalizing on the growing demand for digital payment solutions.

Saudi Payments, supervised by the Saudi Central Bank, launched the 'sarie' instant payments system in collaboration with IBM and Mastercard. This initiative enhances Saudi Arabia's financial ecosystem, supporting all banks in the Kingdom. The system accommodates transactions up to SAR 20,000 (USD 5,300) and promotes financial inclusion under Saudi Vision 2030's goal of 70% non-cash transactions by 2030. IBM GBS led the project as the system integrator, marking a significant advance in digital payments innovation.

Mastercard (NYSE: MA) announced that its CFO, Sachin Mehra, will present at the MoffettNathanson Payments, Processors & IT Services Summit on May 10 at 8:00 a.m. ET. The presentation will last approximately 50 minutes. A live audio webcast will be available, along with a replay archived for 30 days on investor.mastercard.com. Mastercard aims to connect and power an inclusive digital economy, focusing on safe and accessible transactions globally.