Mastercard Incorporated Stock Price, News & Analysis

Mastercard is enhancing value for World and World Elite credit cardholders through new partnerships and expanded benefits. Online sales surged by 54.7% in February compared to 2020, prompting Mastercard to launch offers with DoorDash and HelloFresh for on-demand access to meals and groceries. Starting April 1, cardholders can earn rewards for online spending while accessing benefits, including a free DashPass trial and discounts on rides with Lyft. These initiatives aim to provide cardholders with enhanced security and convenience amid growing digital spending trends.

Emburse partners with Mastercard to enhance expense management for card-issuing financial institutions (FIs). This collaboration allows FIs to offer a custom-branded Emburse solution, enabling corporate clients to easily capture and manage their card expenses through a mobile app. With features like automatic processing and advanced AI-based analytics, the integrated system aims to streamline reconciliation processes and reduce fraud. Emburse's innovative expense solutions are used by over 16,000 clients globally, highlighting the partnership's potential to improve operational efficiency in the financial sector.

The second edition of the Become Index, sponsored by Mastercard, reveals that 53% of executives prioritize innovation due to increased demand for digital solutions. 42% have raised innovation budgets to meet customer safety and engagement needs. Key findings include traits of innovative companies like Digital Agility and Data Security. Consumer trends show 71% favor brands aligning with their values. Challenges include economic uncertainty and remote collaboration barriers, impacting future innovation efforts.

On March 29, 2021, AEVI and Mastercard announced an expanded partnership to enhance the omnichannel shopping experience through integrated payment solutions. This collaboration focuses on Europe initially and aims to simplify payment processes for merchants by leveraging AEVI's open platform and Mastercard Payment Gateway Services. Additionally, Mastercard will become a minority investor in AEVI, which is expected to accelerate AEVI's growth and capabilities. The partnership aims to drive digital efficiency across various payment channels, significantly enhancing customer experiences.

Mastercard collaborates with Liberty Tax to deliver Economic Impact Payments (EIP) via prepaid cards, enhancing access for eligible Americans. New customers can benefit from a 30% discount on tax prep fees, plus a $15 bonus and credit when using the Netspend Liberty Tax Prepaid Mastercard. This initiative aims to aid those who have not received EIPs due to unfiled tax returns. Liberty Tax emphasizes its commitment to helping customers during the pandemic, while Mastercard provides a broader access to financial services through prepaid card options.

Mastercard has launched a virtual educational roadshow, part of its Strivers Initiative, to support women and minority-owned businesses across four U.S. cities. The initiative aims to raise awareness of the challenges faced by Black women entrepreneurs post-pandemic. In Los Angeles, the Fearless Fund awarded $10,000 grants to two local businesses. The roadshow will also feature discussions with small business experts. Additionally, a Fearless Strivers Grant Contest has been introduced to provide further support to Black female business owners adversely affected by the pandemic.

Payoneer has announced a strategic partnership with Mastercard, launching the Payoneer Digital Purchasing Mastercard tailored for SMBs, eCommerce sellers, and freelancers. This collaboration aims to enhance B2B market offerings. Following Payoneer's planned SPAC transaction, which values the company at approximately $3.3 billion, Mastercard will leverage Payoneer’s global network of over 5 million businesses to provide innovative products. The new card provides immediate access to funds for digital advertising and facilitates global purchases, ensuring streamlined expense management for businesses.

Mastercard is expanding its Engage platform, enhancing customer access to a network of technology and fintech partners for efficient deployment of Digital First solutions. This initiative aims to create seamless digital payment experiences, catering to growing consumer demand. Key partners include Signzy for digital onboarding, Provenir for risk decisioning, and Galileo for issuer processing. The platform will offer training through Mastercard Academy and connect clients with tools for digital product launches.

Mastercard (NYSE: MA) has finalized its acquisition of a majority stake in the Corporate Services business of Nets, a prominent European PayTech firm. This acquisition, approved by the European Commission in August 2020, enhances Mastercard's account-to-account capabilities, including instant payment infrastructure and bill payment solutions. Paul Stoddart, president of New Payment Platforms, emphasized that this milestone strengthens Mastercard's multi-rail payment solutions. The addition of Nets' cutting-edge technology bolsters Mastercard's position as a leading payment partner in the Nordics and beyond.