Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

MASTERCARD, INC.

(MA)
  Report
Real-time Estimate Cboe BZX  -  03:19 2022-11-30 pm EST
354.32 USD   +3.26%
10:23aPhilippine Airlines - PAL, MASTERCARD TIE UP FOR YEAR-END PROMO OFFERING
AQ
12:46aAurionpro Solutions Launches Electronic Mobility Card for Haryana Roadways in India
MT
11/29Shopify Reports Record Sales for Black Friday-Cyber Monday Weekend
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies
Days
:
Hours
:
Minutes
:
Seconds

MasterCard : How to boost financial inclusion, by MTN

06/16/2020 | 11:09am EST

For the nation to achieve the 95 per cent target for financial inclusion by 2024 set by the Central Bank of Nigeria (CBN), the country needs to accelerate the growth rate in the industry, the General Manager, Mobile Financial Services, MTN Nigeria, Usoro Usoro, said at the weekend.

Usoro made this known this during an interactive virtual session by The Economist Intelligence Unit based on a report entitled: 'State of Play: Fintech in Nigeria', sponsored by MTN Nigeria and Mastercard.

The webinar hosted by Camelia Oros, Managing Director, CT Productions, featured presentations by Irene Mia, Global Editorial Director, Thought Leadership and Melanie Noronha, Senior Editor, Thought Leadership, EMEA both of The Economist Intelligence Unit.

The webinar also featured presentations by Usoro and Ebehijie Momoh, Senior Vice President, General Manager, West Africa, Mastercard.

The session reviewed topics tackled in the Nigerian Fintech report, assessing industry drivers and impediments to further growth.

He said: 'Fintech and financial inclusion is an important area for MTN Nigeria. We always see ourselves as a company that drives economic growth and development everywhere we operate.

Working with The Economist team and similar stakeholders to produce reports, such as this stimulate debate and conversation around the challenges in the sector and how we can work together as an industry to drive our desired objectives.

'The CBN's National Financial Inclusion Strategy, which was revised in 2019, has set a financial inclusion target to 95 per cent by 2024.

It is barely five years from now and we need a collaborative approach by stakeholders in the industry to ensure that all players can leverage their various assets to meet that target. Relatively, Nigeria has more sophisticated products than many other countries on the continent.

The challenge is in accessibility and how these products will not only improve convenience for the already banked but further drive inclusion while addressing how we can bring this last batch of 40 million customers that are traditionally excluded into the fold.

Overall, I think we are in the right direction, and studies, such as this, serve the purpose of stimulating conversation that will provide solutions to the challenges we face as an industry.'

Plans to launch the report to a wide selection of stakeholders in the Nigerian Fintech industry were underway but had to be postponed due to the restrictions posed by the COVID-19 pandemic.

The Economist Intelligence Unit confirmed that details of the physical event will be shared at a later date.

© Pakistan Press International, source Asianet-Pakistan

All news about MASTERCARD, INC.
10:23aPhilippine Airlines - PAL, MASTERCARD TIE UP FOR YEAR-END PROMO OFFERING
AQ
12:46aAurionpro Solutions Launches Electronic Mobility Card for Haryana Roadways in India
MT
11/29Shopify Reports Record Sales for Black Friday-Cyber Monday Weekend
MT
11/29U.S. Thanksgiving weekend sees record 197 mln shoppers -NRF
RE
11/29Thanksgiving weekend sees record 197 million shoppers on discounts, pent-up demand- NRF
RE
11/29Mastercard Affirms Confidence in UK Case After Court Dismisses Appeal
MT
11/29Mastercard loses UK ruling on three million dead claimants in $12 billion case
RE
11/29Redburn Partners Starts Mastercard at Neutral
MT
11/29A Consideration Of CBN's Guidelines On Contactless Payments
AQ
11/29Jingle Pay Partners with Mastercard to Boost Financial Inclusion
CI
More news
Analyst Recommendations on MASTERCARD, INC.
More recommendations
Financials (USD)
Sales 2022 22 179 M - -
Net income 2022 9 881 M - -
Net Debt 2022 5 118 M - -
P/E ratio 2022 33,8x
Yield 2022 0,57%
Capitalization 330 B 330 B -
EV / Sales 2022 15,1x
EV / Sales 2023 13,2x
Nbr of Employees 24 000
Free-Float 60,5%
Chart MASTERCARD, INC.
Duration : Period :
MasterCard, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MASTERCARD, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 38
Last Close Price 343,13 $
Average target price 394,78 $
Spread / Average Target 15,1%
EPS Revisions
Managers and Directors
Michael E. Miebach President, Chief Executive Officer & Director
Sachin J. Mehra Chief Financial Officer
Merit E. Janow Independent Non-Executive Chairman
Edward McLaughlin Chief Information Officer
Timothy H. Murphy Chief Administrative Officer
Sector and Competitors
1st jan.Capi. (M$)
MASTERCARD, INC.-4.51%329 906
VISA, INC.-3.53%431 016
PAYPAL HOLDINGS, INC.-58.83%88 512
PALO ALTO NETWORKS, INC.-8.12%51 555
VENUSTECH GROUP INC.-5.47%3 599
TOPSEC TECHNOLOGIES GROUP INC.-41.58%1 799