Mastercard Inc (NYSE: MA) collaborates with major US banks to test ledger tech for unified settlement of tokenized assets, aiming to simplify and speed up global transactions while reducing errors and fraud risks.
Ant Group's Alipay+ aims to unify global mobile payments by connecting users to apps from their home countries through partnerships with local services.
Mastercard has revised its 2024 financial forecast amid economic uncertainties.
The company's stock has experienced volatility, declining by 10%.
The first-quarter earnings exceeded expectations, suggesting continued financial resilience.
Traders are treading cautiously in Wednesday’s session, seeking more clarity on the Federal Reserve’s stance with inflation reports exceeding expectations.
Mastercard Inc (NYSE: MA) reported fiscal Q1 2024 results with net revenues of $6.35B, beating consensus of $6.34B. Adjusted EPS rose 18% to $3.31. Payment network net revenue rose 7%. Outlook: high-single-digit net revenue growth for Q2 and low-double-digit growth for FY2024.