Mastercard Inc. (MA - Free Report) has been chosen by Payoneer Inc. to offer digital solutions to small and mid-sized businesses.
Both companies entered into a multifaceted relationship pursuant to which Payoneer Digital Purchasing Mastercard will be made available to SMBs, e-commerce sellers and freelancers worldwide. This digital card will be tailored to suit the need of these entities.
This joint offering is meant to serve the growing B2B market. This partnership is a perfect complement for both companies. Payoneer will access Mastercard’s innovative products and benefits to better serve its customers. Meanwhile, the latter will benefit from the global B2B footprint of the former, thereby gaining access to the company’s ecosystem of more than 5 million businesses.
Small and mid-scale entities for whom this service is intended will gain from an immediate access to the funds earned, enabling them to make purchases anywhere around the world where Mastercard is accepted. This apart, they can access multiple cards, thereby streamlining the expense management of businesses across platforms, storefronts and product lines. Besides, a virtual card access will provide SMBs with the choice of receiving and making payment as demand for digital payments continues to accelerate.
This deal reflects Mastercard’s intent to expand in the B2B digital payment space. The large market opportunity and lack of digitization in B2B payments unlock significant growth opportunities for the digital disruptors.
Digitization in the B2B payments space was already on track and the COVID-19 breakout only accelerated this transition. Given that most businesses are now in dire need of funds, speedy transfer of money between businesses via the digital mode in contrast to the earlier practice of B2B payments (which always involved longer processing times for payments) seems the need of the hour.
Per a new Juniper Research study, the total value of B2B cross-border payments is predicted to reach a value of $35 trillion in 2022 from a COVID-hit low of $27 trillion in 2020. Thus, it will take a couple of years’ time to achieve this 30% growth as the pandemic impact on the global economy has been devastating so far.
Other card networks, namely Visa Inc. (V - Free Report) , American Express Co. (AXP - Free Report) and Discover Financial Services (DFS - Free Report) also stand to benefit from this increasing strength in the B2B digital payment market. Evidently, these companies remained active in the said space.
Mastercard has gained 17.6% in six months’ time compared with its industry’s growth of 12.92%.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Mastercard Inc. (MA - Free Report) has been chosen by Payoneer Inc. to offer digital solutions to small and mid-sized businesses.
Both companies entered into a multifaceted relationship pursuant to which Payoneer Digital Purchasing Mastercard will be made available to SMBs, e-commerce sellers and freelancers worldwide. This digital card will be tailored to suit the need of these entities.
This joint offering is meant to serve the growing B2B market. This partnership is a perfect complement for both companies. Payoneer will access Mastercard’s innovative products and benefits to better serve its customers. Meanwhile, the latter will benefit from the global B2B footprint of the former, thereby gaining access to the company’s ecosystem of more than 5 million businesses.
Small and mid-scale entities for whom this service is intended will gain from an immediate access to the funds earned, enabling them to make purchases anywhere around the world where Mastercard is accepted. This apart, they can access multiple cards, thereby streamlining the expense management of businesses across platforms, storefronts and product lines. Besides, a virtual card access will provide SMBs with the choice of receiving and making payment as demand for digital payments continues to accelerate.
This deal reflects Mastercard’s intent to expand in the B2B digital payment space. The large market opportunity and lack of digitization in B2B payments unlock significant growth opportunities for the digital disruptors.
Digitization in the B2B payments space was already on track and the COVID-19 breakout only accelerated this transition. Given that most businesses are now in dire need of funds, speedy transfer of money between businesses via the digital mode in contrast to the earlier practice of B2B payments (which always involved longer processing times for payments) seems the need of the hour.
Per a new Juniper Research study, the total value of B2B cross-border payments is predicted to reach a value of $35 trillion in 2022 from a COVID-hit low of $27 trillion in 2020. Thus, it will take a couple of years’ time to achieve this 30% growth as the pandemic impact on the global economy has been devastating so far.
Other card networks, namely Visa Inc. (V - Free Report) , American Express Co. (AXP - Free Report) and Discover Financial Services (DFS - Free Report) also stand to benefit from this increasing strength in the B2B digital payment market. Evidently, these companies remained active in the said space.
Mastercard has gained 17.6% in six months’ time compared with its industry’s growth of 12.92%.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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