What's Going On With Mastercard Shares Today?

Author: Nabaparna Bhattacharya | July 10, 2024 11:56am

Mastercard Incorporated (NYSE:MA) shares are trading lower on Wednesday.

BofA Securities analyst Jason Kupferberg downgraded Mastercard from Buy to Neutral and lowered the price target from $505 to $480.

According to Benzinga Pro, MA stock has gained over 10% in the past year. Investors can gain exposure to the stock via IShares U.S. Financial Services ETF (NYSE:IYG) and SPDR Select Sector Fund – Financial (NYSE:XLF).

Today, Datapro, a prominent provider of core banking systems and digital solutions, has teamed up with Mastercard to broaden the implementation of Mastercard Cross-Border Services, a component of the Mastercard Move suite for money transfer solutions.

Also Read: Credit Card Debt Rises As Consumers Face Higher Costs Of Living

Datapro will facilitate rapid integration of Mastercard’s Cross-Border Services for financial institutions in Latin America and the Caribbean.

This collaboration emphasizes data integration, business rule management, and API orchestration. It aims to eliminate technical integration challenges and lengthy onboarding procedures.

Addressing growing demand for fast and secure global money transfers, Datapro simplifies implementation challenges faced by financial institutions, fostering innovation and meeting consumer preferences highlighted in Mastercard’s Borderless Payments Report.

Mastercard Cross-Border Services empowers global financial institutions to provide customers access to international payments in over 60 currencies across 100 markets, encompassing 90% of the global population.

Price Action: MA shares are trading lower by 2.86% to $431.97 at last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Wikimedia Commons

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