New-Project-3

Mastercard

(MA)

NYSE

Recommendation:

Buy

Share Price:

USD

Market Cap:

$

Mastercard: Masters of the universe

12 October 2022

We initiate coverage of Mastercard Inc (NYSE: MA) with a BUY rating. The company offers a payment network which is accepted globally by +40 million merchants. Together with Visa (NYSE: V) the two form a payment network duopoly. We see the primary drivers for Mastercard’s success as rising global incomes and a continued shift to a cashless society.

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