Mastercard Expands in Senegal With New Prepaid Card Launch

Zacks11-22 01:55

Mastercard Incorporated MA recently collaborated with a Senegal-based fintech firm, New Africa Technology (NAT), in a bid to launch a virtual and physical prepaid card tied to NAT's digital wallet, "...

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Transactions through the wallet can be done using both virtual and physical prepaid cards, and a seamless payment experience is assured. It incorporates features like invoice splitting among multiple users, expense management, and budgeting tools. The app also works seamlessly with regional wallets, allowing for smooth transactions between users.The innovative fintech card introduced with the help of Mastercard aims to bolster merchant support by facilitating payment acceptance via innovative methods such as QR Pay, Pay by Link, and contactless transactions. Additionally, it introduces \"Flash in Business,\" a platform tailored to meet the corporate financial needs of businesses.Envestnet’s earnings outpaced estimates in three of the trailing four quarters and missed the mark once, the av","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","BK4535":"淡马锡持仓","BK4527":"明星科技股","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4123":"调查和咨询服务","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","MA":"万事达","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","ENV":"Envestnet","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","BK4548":"巴美列捷福持仓","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","NAT":"Nordic American Tanker","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU2764263039.SGD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (SGDHDG) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","HURN":"休伦咨询","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0056508442.USD":"贝莱德世界科技基金A2","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0109392836.USD":"富兰克林科技股A","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","BK4585":"ETF&股票定投概念","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","PSN":"Parsons Corp"},"translate_title":"万事达卡推出新预付卡在塞内加尔扩张","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSN":1,"NAT":1,"MA":1,"HURN":1,"ENV":0.9},"content_text":"Mastercard Incorporated MA recently collaborated with a Senegal-based fintech firm, New Africa Technology (NAT), in a bid to launch a virtual and physical prepaid card tied to NAT's digital wallet, \"Flash.\" \nTransactions through the wallet can be done using both virtual and physical prepaid cards, and a seamless payment experience is assured. It incorporates features like invoice splitting among multiple users, expense management, and budgeting tools. The app also works seamlessly with regional wallets, allowing for smooth transactions between users.\nThe innovative fintech card introduced with the help of Mastercard aims to bolster merchant support by facilitating payment acceptance via innovative methods such as QR Pay, Pay by Link, and contactless transactions. Additionally, it introduces \"Flash in Business,\" a platform tailored to meet the corporate financial needs of businesses.\nThe ulterior motive of Mastercard behind the latest move remains to offer secure and diversified payment solutions and therefore, revolutionize the payment systems in Senegal, Côte d'Ivoire and Benin. \nThe new card offering, infused with attractive features and technology advancements, is expected to attract new customers to indulge in spending to avail the benefits. Increased usage of the card may boost the tech giant’s net revenues from its global payment network by charging fees to customers based on the gross dollar volume of the cards.\nConcurrent with the recent move, Worldpay introduced an innovative partnership with Mastercard to streamline supplier payouts and provide tailored solutions for travel agents. Worldpay, through the Mastercard Wholesale Programme, offers travel agents in the U.K. and Europe access to virtual cards, streamlining payment processes for clients.\nShares of Mastercard have gained 24.9% in the past year compared with the industry’s 31.8% growth. MA currently carries a Zacks Rank #3 (Hold).\nImage Source: Zacks Investment Research\nStocks to Consider\nSome better-ranked stocks in the Business Services space are Parsons Corporation PSN, Envestnet, Inc. ENV and Huron Consulting Group Inc. HURN. While Parsons sports a Zacks Rank #1 (Strong Buy), Envestnet and Huron Consulting carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe bottom line of Parsons outpaced estimates in each of the last four quarters, the average surprise being 17.49%. The Zacks Consensus Estimate for PSN’s 2024 earnings indicates an improvement of 40.7% from the 2023 reported figure. The consensus mark for revenues implies growth of 24.2% from the 2023 figure. The consensus mark for PSN’s earnings has moved 6.9% north in the past 30 days. \nEnvestnet’s earnings outpaced estimates in three of the trailing four quarters and missed the mark once, the average surprise being 6.00%. The Zacks Consensus Estimate for ENV’s 2024 earnings indicates an improvement of 22.2% from the 2023 reported figure. The consensus mark for revenues implies growth of 11.4% from the 2023 figure. The consensus mark for ENV’s earnings has moved 1.6% north in the past 30 days.\nThe bottom line of Huron Consulting outpaced estimates in each of the last four quarters, the average surprise being 19.09%. The Zacks Consensus Estimate for HURN’s 2024 earnings indicates an improvement of 23% from the 2023 reported figure. The same for revenues implies growth of 8.6% from the 2023 number. The consensus mark for HURN’s earnings has moved 1.5% north in the past 30 days.\nShares of Parsons, Envestnet and Huron Consulting have gained 57.1%, 70.2% and 16.1%, respectively, in the past year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nMastercard Incorporated (MA) : Free Stock Analysis Report\nHuron Consulting Group Inc. (HURN) : Free Stock Analysis Report\nEnvestnet, Inc (ENV) : Free Stock Analysis Report\nParsons Corporation (PSN) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Product Release","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485441444"}