Welcome to our dedicated page for Marqeta news (Ticker: MQ), a resource for investors and traders seeking the latest updates and insights on Marqeta stock.
Marqeta, Inc. reports developments tied to its global modern card issuing platform, which enables companies to build and embed card-based financial services through digital, physical and tokenized payment products. Company news commonly covers Total Processing Volume, revenue, gross profit, profitability measures and customer adoption across use cases and geographies.
Recurring updates also include product enhancements for payments infrastructure, such as Real-Time Decisioning and fraud-risk services, along with new customer programs, platform expansion and executive appointments in technology, finance and corporate leadership.
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Marqeta (NASDAQ: MQ) and Branch released their third annual Gig Payments Report, revealing that gig work is increasingly relied upon as a primary income source due to rising inflation. The report, based on a survey of over 1,000 gig workers, found that 61% now rely on gig income, up from 21% in 2021. Economic instability has led 49% of workers to consider leaving traditional jobs for gig opportunities. Inflation pressures are significant, with 63% of respondents taking up additional work due to rising costs in essentials like gas and groceries. Speed of payment is crucial, as 79% would prefer instant payment options. The report highlights a shift towards digital financial services, with 65% of gig workers favoring mobile wallets.
Marqeta, Inc. (NASDAQ: MQ), a leader in modern card issuing solutions, will hold a conference call on May 9, 2023, at 4:30 PM ET to discuss its first quarter 2023 financial results. CEO Simon Khalaf and CFO Mike Milotich will lead the call.
A press release detailing the financial outcomes will be distributed after market closure on the same day. Investors can listen to the live webcast on Marqeta's investor relations website, with a replay available afterward. Marqeta's innovative platform facilitates customizable payment card solutions and operates in 40 countries globally, leveraging open APIs to enhance payment experiences.
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