Latest news with #MastercardMove
Yahoo
5 hours ago
- Business
- Yahoo
UBER Expands Mastercard Deal: Is the Growth Story Strengthening?
In a customer-friendly move, Uber Technologies UBER expanded its deal with Mastercard MA. The extended global deal aims to streamline payment processes for drivers, couriers and consumers while enhancing benefits for cardholders. The expanded partnership with Mastercard offers Uber significant benefits, strengthening operational efficiency and enhancing its appeal to both drivers and customers. As part of the renewed collaboration, Uber will integrate multiple Mastercard products and services. These include Mastercard Move for real-time payouts, Mastercard One Credential to simplify payment experiences and Mastercard Gateway to streamline collections and support secure business operations. The Uber Pro Card, already available in the United States and Canada, has been renewed in these markets and will expand to new regions such as the United Kingdom. This card allows drivers and couriers to receive instant, no-cost payments after each trip or delivery, along with benefits like cash-back rewards on fuel purchases. These benefits associated with the expanded deal with Mastercard provide enhanced value for Uber's global user base, all while supporting the ride-hailing giant's growth. We believe that the collaboration represents another step to further Uber's growth by improving payment experiences, expanding geographic reach and reinforcing loyalty among its driver and rider base. Expressing delight at the deepening of the collaboration, Karl Hebert, Uber's vice president of global commerce stated: 'At the heart of this partnership is a desire to grow benefits for all our mutual customers, be it the businesses that rely on Uber to earn each day, or those using the platform to Go Anywhere and Get Anything.' Taking a Look at LYFT's Association With MA Uber's rival in the ride-hailing market, Lyft LYFT, too, has an association with Mastercard. The tie-up aims at providing benefits to both Lyft drivers and riders. The benefits include the Lyft Direct debit card for drivers. This facilitates instant payouts and other benefits, as well as rewards and promotions for riders using Mastercard when paying for Lyft rides. The Lyft-Mastercard association extends to Bay Wheels. This move allows users to earn and save with their Mastercard when paying for Lyft rides, including Bay Wheels, a public bike-sharing system in the Bay Area with a large number of bikes and stations. The Bay Wheels system is operated and managed by Lyft. It is accessible through the Lyft app. Uber's Price Performance, Valuation and Estimates Shares of UBER have gained 50.2% so far this year compared with the Zacks Internet-Services industry's 3.8% rise in the same timeframe. YTD Price Comparison Image Source: Zacks Investment Research From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 3.43X. UBER is inexpensive compared with its industry. Image Source: Zacks Investment Research The Zacks Consensus Estimate for UBER's 2025 and 2026 earnings has been revised upward over the past 60 days. Image Source: Zacks Investment Research UBER's Zacks Rank UBER currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want 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 Mastercard Incorporated (MA) : Free Stock Analysis Report Lyft, Inc. (LYFT) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Business
- Yahoo
Singapore's dtcpay Partners With Mastercard Incorporated (MA) For Seamless Global Money Transfers
Mastercard Incorporated (NYSE:MA) is among the 13 Best Big Name Stocks to Buy Now. On June 19, Singapore's leading digital payments solutions provider, dtcpay, announced it had partnered with Mastercard Move to facilitate seamless cross-border transactions for its users. A woman using a payment terminal at the checkout of a store showing payment products and solutions. Under the strategic collaboration, dtcpay will leverage Mastercard Incorporated (NYSE:MA)'s global money movement capabilities to enhance speed, security, and transparency for global money transfers. Beginning in June, dtcpay users will be able to access over 49 payment corridors originating from Singapore. Users will also enjoy quicker processing times through this integration, with around 60% of payments received within 1 hour and 95% within 24 hours. This will also allow businesses to pay overseas vendors faster than traditional wire transfers, which could take up to five days. In April this year, MoneyGram also announced a partnership with Mastercard Incorporated (NYSE:MA) to implement Mastercard Move to improve digital payments both within the U.S. and outside its borders. While we acknowledge the potential of MA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-07-2025
- Business
- Yahoo
Mastercard to Expand Crypto Team With Two Senior Hires to Drive Blockchain Initiatives
Mastercard is deepening its push into crypto with plans to hire two senior leaders focused on digital assets and blockchain. The payments giant is recruiting for a Vice President, Head of Digital Assets Ecosystem Growth, and a Vice President, Head of Financial Institutions (FI) Growth, both based in the U.S. 'Excited to share two open roles on my team as Mastercard continues to build the next generation of payments and drive innovation across digital assets,' Raj Dhamodharan, Mastercard's head of crypto and blockchain, wrote in a LinkedIn post. The first role will oversee strategic partnerships across the digital asset sector, working with issuers, infrastructure providers and startups to scale solutions like Mastercard's Multi-Token Network (MTN) and Crypto Credential. The second role will focus on collaborating with financial institutions to develop blockchain uses, such as business payments, cross-border transactions and tokenized assets. Mastercard has been among the most active traditional finance firms exploring crypto, establishing ties across the ecosystem for years. Most recently, the company announced plans to integrate more stablecoins into its global payments network, building on existing support for Circle's USDC. It is also rolling out stablecoin-based cross-border transactions through Mastercard Move. In an interview with CoinDesk earlier this year, Dhamodharan said Mastercard's goal is to act as a bridge between blockchain networks and traditional finance, providing regulatory clarity while enabling new business models. He added that financial institutions need to 'be very open to making [crypto] available as broadly as possible.'Melden Sie sich an, um Ihr Portfolio aufzurufen.
Web Release
01-07-2025
- Business
- Web Release
Credit Libanais launches international money transfer powered by Mastercard Move
Credit Libanais is proud to launch a new international money transfer solution, powered by Mastercard Move. The service, newly introduced to the Lebanese market, is now available through Credit Libanais' Wink Neo mobile application, enabling users to seamlessly and securely top up their wallets. Through this collaboration, Credit Libanais customers can securely top up their Wink NEO wallets with a Mastercard card, instantly transfer funds to any eligible card and receive funds into their linked Credit Libanais accounts in near real time[1], both locally and internationally[2]. Mastercard Move delivers fast, transparent, and secure money transfer solutions, addressing both domestic and international needs. It empowers Credit Libanais to offer its customers with clear visibility of fees, estimated delivery times and trackable payments, enhancing their money transfer experience. 'Mastercard Move provides our customers with an advanced, efficient, and globally accessible alternative to traditional money transfer methods, delivering speed, cost efficiency, and global reach,' said Mrs. Randa Bdeir, Deputy General Manager and Head of Electronic Payment Solutions and Card Technology at Credit Libanais. Mrs. Bdeir continued: 'Remittances are vital for many Lebanese families—whether it's parents supporting their children studying abroad or workers abroad sending money to their families back, and we are committed to providing them with reliable solutions. Mastercard Move platform allows students abroad to instantly receive their allowances from their families at a low cost. It also enables Lebanese expatriates to send remittances to their families in Lebanon via cards, quickly and at the lowest rates available.' Mohamed Assem, Country Manager for Egypt, Lebanon, and Iraq at Mastercard said: 'This collaboration underscores our shared vision of fostering a digitally inclusive future for Lebanon. By combining Credit Libanais's deep understanding of the local market with Mastercard's global payments expertise, we are empowering individuals to participate in the global economy, driving digital inclusion and supporting economic growth.' [1] Transaction approvals depend on the applicable payment network and receiving financial network. Actual posting times depend on the receiving financial institution [2] Subject to the Mastercard MoneySend and Funding Transactions Program Standards
New Straits Times
30-06-2025
- Business
- New Straits Times
Bank Islam first to roll out Mastercard Move in Malaysia
KUALA LUMPUR: Bank Islam Malaysia Bhd has adopted Mastercard Move, becoming the first financial institution in the country to implement the digital fund transfer solution that enables seamless transactions within Malaysia and across international borders. The solution, integrated directly with Mastercard's global network, is aimed at simplifying operations, optimising liquidity, and enhancing visibility for both the bank and its corporate clients. In a statement today, the new service will be available through Bank Islam's digital cash management platform, eBanker Pro, in the third quarter of this year. Bank Islam group chief business officer of institutional banking Sharifah Sarah Syed Mohamed Tahir said this initiative provides an efficient and secure cross-border digital money movement service for customers. "By conducting a foreign outward telegraphic transfer (FOTT), customers can complete the FOTT transaction within 15 minutes of submission. "We achieve this by providing faster transactions, cost-effective currency exchange rates, enhanced security, and customised solutions supported by Mastercard's global expertise in payment technology," she said. Sharifah added that the strategic alliance with Mastercard marks a major milestone in the group's digital transformation journey. This year in February, Bank Islam processed nearly 4,000 cross-border transactions worth over RM169 million. With the implementation of Mastercard Move, Bank Islam expects transaction volumes to grow by up to 20 per cent this year, supported by faster processing and an improved customer experience. The solution supports a wide range of payout options, including bank accounts, digital wallets, cards or cash, depending on market needs. Mastercard Move currently serves more than 200 countries and supports over 150 currencies. Meanwhile, Mastercard Malaysia and Brunei country manager Beena Pothen said Bank Islam's adoption of the platform signals progress in creating a more inclusive and digitally empowered economy. "As cross-border payments become increasingly critical for individuals, SMEs, and large corporates, Mastercard Move offers a fast, secure, and transparent way to transfer funds both locally and internationally. This collaboration supports Malaysia's Madani Economy and MyDigital blueprint," Beena said.
