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Mastercard's (MA) Solution to Ease Digital Payments in Italy
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Mastercard Incorporated (MA - Free Report) recently teamed up with PostePay, the subsidiary of Italy’s financial, and postal products and services provider Poste Italiane Group, to introduce the innovative “Request to Pay” (RTP) solution throughout the country. The highly credible solution is devised by integrating the widespread global capabilities of Mastercard with the rich experience of PostePay.
The RTP solution seems to reap benefits for both buyers and sellers involved in a transaction. Thanks to RTP, sellers or business owners can send digitized payment requests instantly to pay for a good or service to the buyer. Subsequently, the request reaches the web or the mobile device of a buyer, who on accepting the request, can complete the payments seamlessly via the PostePay App.
Consumers can take the liberty to easily pursue a wide array of payments, ranging from online payments, recurring invoice payments comprising bills and taxes to person-to-person (P2P) money transfers. Apart from hassle-free payments, other benefits of the new RTP solution extended to Italian consumers include the provision of a consolidated digital report with which consumers can track their expenditures.
As buyers can make payments conveniently, businesses of all sizes can enjoy simplified payments receipt and better management of cashflows by leveraging RTP.
Launch of the solution reflects Mastercard’s efforts to boost its solution and application suite, equipping customers with greater ease and power to regulate. Also, the latest move reflects one of the most longstanding endeavors of MA, which is to infuse digitization into the global payments landscape, keeping pace with the ongoing digital trend.
Unveiling RTP across Italy at this moment is indicative of Mastercard’s efforts to accelerate digital growth in the country, where businesses and consumers are embracing digital means widely. This enthusiasm is clearly expressed in a proprietary research conducted by MA, wherein 75% of interviewed enterprises and retailers in Italy root for digitalization big time.
Mastercard leverages its solid digital arm built on partnerships with well-established organizations and significant investments to tap the prospects of Italy’s digital payments market.
In June 2022, MA partnered with the global payments solution provider Checkout.com and the cryptocurrency exchange Young Platform to introduce Mastercard Send (an innovative personal payments service) across the country. The motive behind the launch was to help consumers make instant payments and seamlessly transfer funds worldwide through digital currency wallets.
Shares of Mastercard have lost 16.4% in a year compared with the industry’s decline of 30%.
The bottom line of SPX Technologies outpaced estimates in three of the last four quarters and missed the mark once, the average being 9.11%. The Zacks Consensus Estimate for SPXC’s 2022 earnings suggests an improvement of 21.9% from the year-ago reported figure. The same for revenues suggests growth of 7.2% from the prior-year tally. The consensus mark for SPXC’s 2022 earnings has moved 0.4% north in the past 30 days.
Shift4 Payments’ earnings outpaced estimates in two of the trailing four quarters, missed the mark once and met the same on another occasion, the average surprise being 4.23%. The Zacks Consensus Estimate for FOUR’s 2022 earnings suggests an improvement of 33% from the year-ago reported figure. The same for revenues suggests growth of 33.8% from the year-ago actuals. FOUR has a VGM Score of B.
The bottom line of ZipRecruiter outpaced estimates in each of the last four quarters, the average being 345.83%. The Zacks Consensus Estimate for ZIP’s 2022 earnings is pegged at 40 cents per share, indicating to increase 20-fold from the prior-year reading. The consensus mark for ZIP’s 2022 earnings has moved 73.9% north in the past 60 days.
Shares of SPX Technologies, Shift4 Payments and ZipRecruiter have lost 1.9%, 34.6 and 40.6%, respectively, in a year.
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Mastercard's (MA) Solution to Ease Digital Payments in Italy
Mastercard Incorporated (MA - Free Report) recently teamed up with PostePay, the subsidiary of Italy’s financial, and postal products and services provider Poste Italiane Group, to introduce the innovative “Request to Pay” (RTP) solution throughout the country. The highly credible solution is devised by integrating the widespread global capabilities of Mastercard with the rich experience of PostePay.
The RTP solution seems to reap benefits for both buyers and sellers involved in a transaction. Thanks to RTP, sellers or business owners can send digitized payment requests instantly to pay for a good or service to the buyer. Subsequently, the request reaches the web or the mobile device of a buyer, who on accepting the request, can complete the payments seamlessly via the PostePay App.
Consumers can take the liberty to easily pursue a wide array of payments, ranging from online payments, recurring invoice payments comprising bills and taxes to person-to-person (P2P) money transfers. Apart from hassle-free payments, other benefits of the new RTP solution extended to Italian consumers include the provision of a consolidated digital report with which consumers can track their expenditures.
As buyers can make payments conveniently, businesses of all sizes can enjoy simplified payments receipt and better management of cashflows by leveraging RTP.
Launch of the solution reflects Mastercard’s efforts to boost its solution and application suite, equipping customers with greater ease and power to regulate. Also, the latest move reflects one of the most longstanding endeavors of MA, which is to infuse digitization into the global payments landscape, keeping pace with the ongoing digital trend.
Unveiling RTP across Italy at this moment is indicative of Mastercard’s efforts to accelerate digital growth in the country, where businesses and consumers are embracing digital means widely. This enthusiasm is clearly expressed in a proprietary research conducted by MA, wherein 75% of interviewed enterprises and retailers in Italy root for digitalization big time.
Mastercard leverages its solid digital arm built on partnerships with well-established organizations and significant investments to tap the prospects of Italy’s digital payments market.
In June 2022, MA partnered with the global payments solution provider Checkout.com and the cryptocurrency exchange Young Platform to introduce Mastercard Send (an innovative personal payments service) across the country. The motive behind the launch was to help consumers make instant payments and seamlessly transfer funds worldwide through digital currency wallets.
Shares of Mastercard have lost 16.4% in a year compared with the industry’s decline of 30%.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Mastercard currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Business Services space are SPX Technologies, Inc. (SPXC - Free Report) , Shift4 Payments, Inc. (FOUR - Free Report) and ZipRecruiter, Inc. (ZIP - Free Report) . While SPX Technologies currently flaunts a Zacks Rank #1 (Strong Buy), Shift4 Payments and ZipRecruiter carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The bottom line of SPX Technologies outpaced estimates in three of the last four quarters and missed the mark once, the average being 9.11%. The Zacks Consensus Estimate for SPXC’s 2022 earnings suggests an improvement of 21.9% from the year-ago reported figure. The same for revenues suggests growth of 7.2% from the prior-year tally. The consensus mark for SPXC’s 2022 earnings has moved 0.4% north in the past 30 days.
Shift4 Payments’ earnings outpaced estimates in two of the trailing four quarters, missed the mark once and met the same on another occasion, the average surprise being 4.23%. The Zacks Consensus Estimate for FOUR’s 2022 earnings suggests an improvement of 33% from the year-ago reported figure. The same for revenues suggests growth of 33.8% from the year-ago actuals. FOUR has a VGM Score of B.
The bottom line of ZipRecruiter outpaced estimates in each of the last four quarters, the average being 345.83%. The Zacks Consensus Estimate for ZIP’s 2022 earnings is pegged at 40 cents per share, indicating to increase 20-fold from the prior-year reading. The consensus mark for ZIP’s 2022 earnings has moved 73.9% north in the past 60 days.
Shares of SPX Technologies, Shift4 Payments and ZipRecruiter have lost 1.9%, 34.6 and 40.6%, respectively, in a year.