Mastercard, Inc.

MA

US57636Q1040

Internet Services

Market Closed - Nyse Other stock markets 04:00:03 2026-02-06 pm EST			5-day change	1st Jan Change
548.74 ^USD	-0.57%		+1.85%	-3.88%

Feb. 06	Euro zone ministers to weigh euro-stablecoins, more joint debt issuance to boost role of euro, economic security	RE
Feb. 06	Diary - Europe's STOXX 600 Corporate Earnings Week Ahead	RE

SBM Bank Taps Mastercard to Accelerate Cashless Transactions in Kenya

Published on 12/01/2025 at 07:06 am EST

Acquiremedia

MASTERCARD, INC.

-0.57%

Source: Capital FM

SBM Bank Kenya has partnered with digital payments enabler Mastercard in what the lender says is anchored on widening global transaction capabilities and supporting its ongoing turnaround efforts.

The bank said the transition, which will see customers migrated in phases to Mastercard-branded cards, is aimed at boosting payment security, global acceptance, and integration with digital wallets.

The rollout includes tap-to-pay features, travel insurance, fraud protection, and other add-ons linked to Mastercard's international network.

"This transition is more than a technology upgrade; it reflects our strategy to deliver superior customer experiences while driving sustainable growth for the bank," said SBM Bank Kenya CEO Bhartesh Shah.

"As we innovate around customer needs, such a collaboration enables us to offer world-class solutions that not only enhance convenience and security but also position the bank as a leading player in Kenya's evolving financial landscape."

Mastercard's Senior Vice President and Country Manager for East Africa and Indian Ocean Islands, Shehryar Ali, said, "Our shared vision is to empower customers with products and solutions that make everyday transactions seamless, extremely secure, and rewarding. With SBM Bank's customer-first approach and Mastercard's global expertise, we are unlocking new opportunities for financial inclusion and digital transformation."

The changeover comes as SBM Bank records improved financial performance, posting a profit after tax of Sh202 million in the first half of the year, reversing a Sh943.1 million loss over the same period in 2024.

The lender seeks to leverage global payment infrastructure to grow its retail segment and compete more aggressively in Kenya's rapidly expanding cashless economy.

Latest news about Mastercard, Inc.

Feb. 06	Euro zone ministers to weigh euro-stablecoins, more joint debt issuance to boost role of euro, economic security	RE
Feb. 06	Diary - Europe's STOXX 600 Corporate Earnings Week Ahead	RE
Feb. 03	Brace for the Earnings Flood
Feb. 03	Daiwa Upgrades Mastercard to Outperform From Neutral, Lifts Price Target to $610 From $605	MT
Feb. 03	Analyst recommendations: Exxon Mobil, Fair Isaac, Fedex, Mastercard, Palantir…
Feb. 02	Bank of England to consult on alternatives to debit and credit cards	RE
Feb. 02	Autonomous Research Adjusts PT on Mastercard to $621 From $627, Maintains Outperform Rating	MT
Jan. 30	Compass Point Adjusts Mastercard Price Target to $756 From $735, Maintains Buy Rating	MT
Jan. 30	Mastercard's Renewed Credit Partnership With Capital One Encouraging, Morgan Stanley Says	MT
Jan. 30	KeyBanc Adjusts Price Target on Mastercard to $680 From $668, Maintains Overweight Rating	MT
Jan. 30	AmEx projects upbeat 2026 profit as affluent spending holds up	RE
Jan. 30	Visa Sees Sequential 'Step-Down' in Revenue Growth; Beats Fiscal First-Quarter Estimates	MT
Jan. 30	BNP Paribas Adjusts Price Target on Mastercard to $600 From $625, Maintains Neutral Rating	MT
Jan. 30	Wells Fargo Adjusts Price Target on Mastercard to $668 From $660, Maintains Overweight Rating	MT
Jan. 30	JPMorgan Adjusts Price Target on Mastercard to $655 From $685, Maintains Overweight Rating	MT
Jan. 30	Morgan Stanley Adjusts Price Target on Mastercard to $678 From $665, Maintains Overweight Rating	MT
Jan. 30	Macquarie Adjusts Price Target on Mastercard to $675 From $660, Maintains Outperform Rating	MT
Jan. 30	HSBC Adjusts Price Target on Mastercard to $626 From $600, Maintains Buy Rating	MT
Jan. 30	TD Cowen Adjusts Price Target on Mastercard to $671 From $668, Maintains Buy Rating	MT
Jan. 30	Goldman Sachs Adjusts Price Target on Mastercard to $739 From $710, Maintains Buy Rating	MT
Jan. 30	Visa posts higher quarterly profit on resilient consumer spending
Jan. 29	Financials Up as Market Volatility Spurs Banks, Money Managers -- Financials Roundup	DJ
Jan. 29	Wall Street indexes see red as Big Tech's soaring AI budgets trigger flight	RE
Jan. 29	Visa 1Q Sales Climb on Strong Holiday Shopping -- Update	DJ
Jan. 29	Visa 1Q Sales Climb on Strong Holiday Shopping	DJ

Chart Mastercard, Inc.

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Period

MA: Dynamic Chart

Company Profile

Mastercard, Inc. specializes in issuing and selling payment cards. Net sales break down by activity as follows: - sale of payment solutions (61.5%): credit cards, traveler's checks, on-line payment cards, etc. (Mastercard®, Maestro® and Cirrus® brand names); - value-added services (38.5%): consulting, assistance, information services, partner network management services, etc. 56.1% of net sales are earned abroad.

Employees

35,300

Sector

Internet Services

Calendar

Apr. 22 - Q1 2026 Earnings Release (Projected)

More about the company