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MasterCard to Render Services in Canada Via Cirque du Soleil

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MasterCard Inc. (MA - Free Report) recently announced a multi-year transaction with Cirque du Soleil Entertainment Group to become the official partner of Cirque du Soleil Touring Shows in Canada. From November 2018 onward, Mastercard will offer a suite of benefits to be accessed by cardholders so that they can enjoy an enriching experience with Cirque du Soleil.

This deal is one of Mastercard’s strategic initiatives to launch innovative payment methods. The tie-up with Cirque du Soleil provides cardholders with access to unique entertainment experiences.

Courtesy of this collaboration, Mastercard cardholders will be entitled to priceless experiences with Cirque du Soleil in Canada. They can dine with the crew and also attend Cirque Camp to learn artistic and shadow skills of a Cirque performer backstage. Cardholders would be able to get preferred seating at all shows in Canada plus concession on Canadian touring shows and Las Vegas resident shows.

The combination of the features of both companies is believed to create outstanding experiences for the spectators.

The Priceless Cities experiences in Toronto, Montreal and 42 other Priceless Cities worldwide are only available to the privileged cardholders of Mastercard.

Mastercard is known for its multiple accretive acquisitions and partnerships. Last week, the company signed a strategic agreement with Wirecard to migrate their global issuing business. Wirecard will support Mastercard Prepaid Management Services and both companies will explore respective growth potential in digital prepaid payment solutions.

Organic growth via alliances remains a key strength at Mastercard, which has aided its revenues, evident from its 2012-2017 CAGR of 11%. The company should retain its revenue momentum in the coming quarters on the back of a strong market position and attractive core business, primarily driven by new deals, renewed agreements and an expansion of service offerings.

Shares of this Zacks Rank #3 (Hold) company have rallied 24% in a year’s time, outperforming the industry’s growth of 13.9%.


 

Stocks to Consider

Investors interested in the financial transaction services sector can look into some better-ranked stocks like Cardtronics plc , Evertec, Inc. (EVTC - Free Report) and Envestnet, Inc. (ENV - Free Report) .

Cardtronics plc provides automated consumer financial services via its network of automated teller machines (ATMs) and multi-function financial services kiosks. The company carries a Zacks Rank #2 (Buy) and came up with average four-quarter beat of 50.24%. You can see the complete list of today’s Zacks #1 Rank stocks here.

EVERTEC engages in transaction processing business, serving financial institutions, merchants, corporations and government agencies in Latin America and the Caribbean. The stock has a Zacks Rank of 2 and pulled off average earnings surprise of 16.99% over the last four reported quarters.

Envestnet provides intelligent systems for wealth management and financial wellness in the United States and internationally. The company sports a Zacks Rank #1 (Strong Buy) and managed to deliver average trailing four-quarter positive surprise of 5.54%.

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