13 Most Promising Fintech Stocks to Buy

9. Mastercard Incorporated (NYSE:MA)

Average Upside Potential: 7.37%

Number of Hedge Funds: 142

Mastercard Incorporated (NYSE:MA) is a global payment technology solutions company. The firm connects consumers, merchants, government, digital partners, and businesses worldwide by enabling electronic payments. Mastercard’s purpose revolves around powering an inclusive digital economy that tends to benefit everyone, everywhere.

Mastercard Incorporated (NYSE:MA) serves as a payments industry leader which is currently demonstrating broad-based momentum across all aspects of its business. It makes payments easier and more efficient by providing payment solutions and services using its well-known brands including Mastercard, Maestro, and Cirrus. The firm has been making payments smarter and safer for more than 50 years. It continues to drive growth by winning and retaining deals, expanding in new geographies, and further digitizing the payments ecosystem.

In an attempt to position itself for further and more sustainable growth, the firm announced an organizational structure realignment centered on three interdependent areas of Core Payments, Commercial and New Payment Flows, and Services. While Core Payments works as the company’s foundation, Mastercard finds a scalable opportunity in Payment and data flows beyond consumer card payments. Simultaneously, offerings from Mastercard’s current Cyber & Intelligence, Data & Services, and Open Banking teams remain integrated under Services.

Recently, Mastercard closed another strong quarter across all aspects of its business. During Q2, net revenue increased by 11% which is attributable to growth in the payment network and value-added services and solutions. While payment network net revenue increased by 7%, value-added services, and solutions net revenue increased by 18%. The continued healthy consumer spending and robust cross-border volume growth of 17% supported the strong performance.

The company remains positive about its growth outlook. The diversified business model and focused strategy position sets the company well to capture the opportunities ahead. In conclusion, Mastercard Incorporated (NYSE:MA) is a recognized market leader with material progress to offer. As of Q2 2024, the stock is held by 142 hedge funds.