5 Biggest BNPL Companies In The World

1. Mastercard Incorporated (NYSE:MA)

Market Capitalization: $329 Billion

Mastercard Incorporated (NYSE:MA) is a technology company that provides transaction processing and other payment-related products and services. The main activity of the firm is to process payments between banks of merchants and the card issuing banks or credit unions of the purchases using MasterCard for making purchases. The company, founded in 1966, is globally recognized and known as the global pioneer in payment innovation. The company has achieved a strong momentum in BNPL services as the use of digital payments has increased dramatically in the recent years. It has been estimated that the number of users of MasterCard BNPL services in the US will increase from 45.1 million this year to 76.6 million in 2025, which makes it one of the largest BNPL companies in the world.

At the end of the third quarter of 2022, 137 hedge funds in the database of Insider Monkey held stakes worth $13.9 billion in Mastercard Incorporated (NYSE:MA), compared to 137 in the previous quarter worth $14.99 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Mastercard Incorporated (NYSE:MA) was one of them. Here is what the fund said:

“The Fund’s holdings in the Payments and Information Services themes also contributed to relative performance. Within Payments, lower exposure to this lagging theme and outperformance of Mastercard Incorporated (NYSE:MA) added the most value. These global payment networks are viewed as safe havens during market downturns but are also benefiting from resilient payment volumes and a sharp rebound in international travel.”

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