Alibaba and Mastercard Team Up To Offer New Perks for US Business Owners
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 06 2024
0mins
Source: Benzinga
New Credit Card Launch: Alibaba.com has partnered with Mastercard and Cardless to introduce the Alibaba.com Business Edge Credit Card, aimed at small business owners in the U.S., offering rewards like 3% cashback or 60-day interest-free payment terms on purchases made through the platform.
Financial Performance and Challenges: Despite a 4% year-on-year revenue growth to $33.47 billion, Alibaba missed analyst expectations and faces ongoing challenges from regulatory crackdowns, economic weakness, and competition in the domestic e-commerce market.
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Analyst Views on MA
Wall Street analysts forecast MA stock price to rise
28 Analyst Rating
25 Buy
3 Hold
0 Sell
Strong Buy
Current: 489.080
Low
500.00
Averages
660.00
High
739.00
Current: 489.080
Low
500.00
Averages
660.00
High
739.00
About MA
Mastercard Incorporated is a technology company in the global payments industry. The Company connects consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations worldwide by enabling electronic payments and making those payment transactions secure and accessible. It provides a range of payment solutions and services using its brands, including Mastercard, Maestro and Cirrus. It operates a payments network that provides choice and flexibility for consumers, merchants and its customers. Through its proprietary global payments network, it switches (authorizes, clears and settles) payment transactions. Its additional payments capabilities include automated clearing house (ACH) transactions (both batch and real-time account-based payments). It offers security solutions, consumer acquisition and engagement, business and market insights, gateway, processing and open banking, among other services and solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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