Mastercard, Nexi To Revolutionize Payment Landscape In Europe

New York Usa February 2019 Credit Master Card Close Master — Stock Photo, Image

Image Source: DepositPhotos

Mastercard Incorporated (MA) and Nexi, two giants in the payments industry, are joining forces to revolutionize payment landscape in Europe. Nexi, the leading PayTech in Europe, has strategically chosen Mastercard as its partner to bolster open banking account-based payments across the continent. Through this collaboration, Mastercard's Open Banking technology will facilitate e-commerce payments across Nexi's extensive network, promising seamless and secure transactions for merchants and consumers.

 

Advancing Secure and Seamless Payment Experiences

The partnership aims to build an integrated digital payment ecosystem that prioritizes security, seamlessness and choice for consumers. Leveraging Mastercard's Open Banking-powered solutions, the initiative promises to enhance payment experiences by offering a broader range of options to consumers when making online purchases. Unlike traditional payment methods, open banking enables swift digital payments directly from a consumer's bank account, enhancing efficiency and convenience through existing authentication protocols.

 

Empowering Merchants with Real-Time Solutions

Merchants stand to gain significant benefits from this collaboration, including real-time payment authorization and settlement. With improved access to funds and enhanced cash flow management, merchants can better align with evolving customer expectations for fast and frictionless payment experiences. By leveraging innovative technologies and payment methods, businesses can stay ahead in the competitive digital landscape while ensuring seamless transactions for their customers.

 

Leadership in Innovation and Customer Convenience

Bart Willaert, EVP of International Open Banking at MA, expressed excitement about leading the development of account-based payment methods in partnership with Nexi. The collaboration signifies Mastercard's commitment to offering innovative payment experiences while ensuring security and convenience for consumers and businesses across Europe.

Similarly, Omar Haque, Head of eCommerce at Nexi, emphasized the strategic collaboration's potential to enhance customer convenience and accelerate transition to a digital-first payments landscape in Europe. With their combined expertise and resources, MA and Nexi are poised to reshape the future of payments in Europe.

 

Price Performance and Zacks Rank

Shares of Mastercard have gained 10.8% year to date compared with the industry’s 8.3% growth. MA currently carries a Zacks Rank #3 (Hold).

 

Stocks to Consider

Some better-ranked stocks from the same space are Envestnet (ENV) , Fidelity National Information Services (FIS) and International Money Express (IMXI) , each carrying Zacks Rank #2 (Buy).

Envestnet delivered a trailing four-quarter average earnings surprise of 7.72%. The stock has gained 11.4% year to date. The Zacks Consensus Estimate for ENV’s 2024 and 2025 earnings suggests growth of 20.8% and 18.1%, respectively, from a year ago.

Fidelity National delivered positive earnings surprise in two of the last four quarters while missed in the other two. The stock has gained 15.7% year to date.  The Zacks Consensus Estimate for FIS’ 2024 and 2025 earnings indicates a gain of 37.4% and 12.5% from the prior-year levels, respectively.

International Money Express delivered positive earnings surprise in two of the last four quarters while missed in the other two. The stock has lost 8.1% year to date.  The Zacks Consensus Estimate for IMXI’s 2024 earnings implies a 13.9% increase from the year-ago actuals.


More By This Author:

3 Large-Cap Value Mutual Funds To Strengthen Your Portfolio
3 Companies Enjoying Robust Sales Growth
Should You Buy Dick's Sporting Goods Ahead Of Earnings?

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.