Latest news with #MastercardGateway
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
Zawya
28-02-2025
- Business
- Zawya
Mastercard and Sadad in strategic deal to drive digital payments in Qatar
Qatar - The integration of Mastercard's technology with Sadad's platform will enable merchants to offer fast, seamless and secure transactions as well as convenient payment choices to customers Sadad, a leading company in online and electronic financial transactions offering multi payment solutions in Qatar, has entered into a strategic collaboration with Mastercard to introduce a new digital payment gateway platform. Through this partnership, Sadad will deploy state-of-the-art payment solutions, powered by Mastercard Gateway, to enhance the customer experience for its merchants in the market. The integration of Mastercard's technology with Sadad's platform will enable merchants to offer fast, seamless and secure transactions as well as convenient payment choices to customers. The partnership aims to evolve the market's e-commerce landscape, enabling seamless shopping experiences, higher conversion rates, and helping to reduce fraud. 'By integrating Mastercard Gateway, we are not only offering a seamless and user-friendly solution but also empowering local merchants to stay ahead in the evolving payment landscape. This collaboration will drive regional growth by enhancing the checkout experience and introducing innovative payment options that cater to today's digital-savvy consumers,' said Sheikh Hamad bin Mohammed al-Thani, a board member at Sadad. Mastercard Gateway is a single touchpoint that powers payment and digital acceptance solutions across new and existing markets and channels locally and globally. Merchants benefit from support for more than 30 payment methods, while customers enjoy advanced protection from cybercrime through tokenisation, biometric recognition and 3D Secure authentication. As digital wallets and contactless payments become increasingly prevalent, equipping businesses with the right tools to meet evolving customer expectations is more critical than ever, according to Erdem Cakar, Country Manager, Qatar and Kuwait at Mastercard. 'This partnership with Sadad marks a significant milestone in our efforts to expand our reach and fuel growth for businesses. Through Mastercard Gateway, we are providing businesses with world-class payment solutions that deliver security, speed, and flexibility,' he said. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
