Visa and Mastercard are making strategic moves to adapt to the evolving payment landscape in Africa and globally. They are investing in digital wallets, quick codes, and open banking tools to stay relevant. Mastercard has expanded its cross-border remittance services through a partnership with Alipay, enabling near real-time money transfers in digital wallets.
Mastercard & Visa point to steady spend overseas & continued (higher) normalisation of cross border spend. At $V, online cross-border spend now outpacing travel. $MA $AMZN $XLY $AXP $XLF $ABNB $DAL https://t.co/sfZSihkljN
Mastercard enables convenient and secure international remittances to Alipay Wallet https://t.co/TNUCBWV29N
Mastercard and Alipay forge alliance to expand cross-border remittances https://t.co/jTFamQI8lr https://t.co/jgzB8WATKI
Mastercard Inc. is broadening its reach in cross-border remittances through its partnership with Alipay. The agreement, which expands Mastercard’s existing relationship with Alipay, allows consumers to send and receive money in their digital wallets “in near real-time”. $BABA…
Mastercard is broadening its reach in cross-border remittances through its partnership with Alipay https://t.co/PtXs9vRGIp
Mastercard launches open banking-powered subscription management tool https://t.co/R8S8GYC7xx https://t.co/Q9wA7jLs13
What’s missing from this chart? Per @t1alpha it’s BNPL. “On Cyber Monday, BNPL accounted for $940M in transactions—a 42.5% increase YoY marking method's most significant usage in a single day. Credit card debt continues to rise. BNPL is just spending on top of spending” @Adobe https://t.co/vLVZUeMYNM
Visa and Mastercard are spending big to stay relevant in Africa https://t.co/LVPKikOXrh
"the rules around foreign ownership of payment processors was relaxed in March 2018, but it wasn’t until 2020 after the signing of China’s Phase One trade deal with the US that Paypal, MasterCard,& others were awarded licenses to operate payment processors in China."
Visa and Mastercard are trying to stay relevant in Africa at a time when users are moving towards digital wallets and quick codes https://t.co/LVPKikOXrh