Mastercard Incorporated Stock Price, News & Analysis

Expedia Group has partnered with Wells Fargo and Mastercard to launch two new co-branded credit cards: One Key Card and One Key+ Card. These cards are designed to enhance Expedia's One Key loyalty program, offering U.S. travelers increased flexibility, savings, and perks.

The One Key Cards will allow users to earn OneKeyCash rewards, which can be used across Expedia, Hotels.com, and Vrbo for booking hotels, vacation rentals, car rentals, activities, and flights.

One Key+ Card holders will enjoy benefits such as earning $600 in OneKeyCash after spending $3,000 in the first three months, earning 3% in OneKeyCash on various purchases, and an annual fee of $99. One Key Card holders can earn $400 in OneKeyCash after spending $1,000 in the first three months, also earning 3% on similar purchases but with no annual fee.

Both cards offer tier upgrades, with One Key+ Card holders achieving Gold tier benefits and One Key Card holders reaching Silver tier benefits.

Applications for the new cards will start nationwide later this summer, with existing Hotels.com cardholders transitioning to the new program by September.

Mastercard (NYSE: MA) will release its second quarter 2024 financial results on Wednesday, July 31, 2024. The company will host a conference call at 9:00 a.m. Eastern Time to discuss the results, which will be available on their investor website. Investors can access the conference call via toll-free or toll dial-ins, using the provided conference ID. A replay and webcast of the call will also be accessible for 30 days.

During London Climate Action Week 2024, Mastercard emphasized the critical role organizations play in promoting a sustainable economy. Cities, as highlighted by Wayne Hubbard of ReLondon and Mayor Sadiq Khan, are pivotal in driving the circular economy, offering economic and job opportunities. Consumers are eager for sustainable options, and companies like IKEA and Vivobarefoot are introducing eco-friendly products and services. Collective engagement through initiatives like Pledgeball and the Priceless Planet Coalition demonstrates significant potential for impactful climate action.

Ant Group and Mastercard, alongside 12 payment partners from Alipay+, expand the International Consumer Friendly Zones program to Chengdu and Chongqing. This program, already successful in Beijing, Guangzhou, and Shanghai, aims to enhance the digital payment experience for international travelers in China. Chengdu and Chongqing have become top inbound tourism destinations, with substantial increases in foreign national entries and exits. Supported by local governments, the program will cover over 60 primary shopping areas, tourist spots, airports, and high-speed railway stations in both cities.

Ant Group's Alipay+ supports 12 leading e-wallets across an 80-million-merchant network in China, allowing international visitors to use their home e-wallets. Additionally, international bank cards can be linked to the Alipay app for a seamless payment experience. The program's expansion responds to the anticipated growth in inbound travel, which the China Tourism Academy expects to reach 80% of pre-pandemic levels in 2024.

A new study by the Capital One Insights Center with Mastercard analyzed consumer spending trends at small businesses in Richmond, VA, from 2019 to 2023.

The findings reveal that since a 20% dip in 2020, small businesses have recovered strongly, with spending at these businesses increasing by 75% relative to 2019.

Key growth areas include the Manchester District, where small businesses grew by 41%, and Downtown Richmond, where consumer spending rose by nearly 50% from 2019 to 2022.

The study also highlighted significant efforts in supporting minority-owned businesses and the positive impact of the Richmond 300 plan in promoting small business activities in designated growth nodes.

Overall, the gap in spend growth between small and non-small businesses has narrowed from 120% in 2020 to just over 30% in 2023.

Mastercard has been honored as one of the World's Most Sustainable Companies 2024 by TIME, as announced on June 25, 2024. The recognition is the result of a thorough research study conducted by Statista. Mastercard's commitment to sustainability includes driving toward net zero emissions and supporting the transition to a low-carbon economy. This acknowledgment highlights Mastercard's ongoing efforts to ensure both people and the planet can thrive.

Mastercard (NYSE:MA) announced the preliminary results of its annual meeting of stockholders. Twelve directors were elected for one-year terms. Shareholders approved the executive officers' compensation on an advisory basis and ratified PricewaterhouseCoopers as the independent auditor for 2024. None of the five stockholder proposals were approved. Final voting results will be filed with the SEC on a Form 8-K and posted on Mastercard's Investor Relations website.

Mastercard's Board of Directors has declared a quarterly cash dividend of 66 cents per share. The dividend is payable on August 9, 2024, to all holders of record of its Class A and Class B common stock as of July 9, 2024.

Mastercard will participate in London Climate Action Week on June 25, 2024. The event will feature flash-panel discussions with organizations like ReLondon, IKEA, UEFA, and others. These panels aim to bridge the gap between corporate promises and actual environmental actions, focusing on how companies can drive more sustainable choices.

Attendees will have the opportunity to learn from industry leaders and climate action innovators, including Sea Forest, a finalist of The Earthshot Prize. The event serves as a platform for companies to discuss strategies for inspiring tangible climate action.

For more details and registration, visit the provided link.