Visa: Yes, COVID-19 Impacts, But 'War On Cash' Is Now In Overdrive [Seeking Alpha]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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US:NYSE Investor Relations:
investor.mastercard.com/investor-relations/default.aspx
Company Research
Source: Seeking Alpha
SummaryCOVID-19 will have negative impacts on Visa's business, depressing payment volume and cross-border transactions in particular.There will be many derivative, and perhaps unexpected favorable impacts on Visa as a result of near-term disruption.Negative implications on Visa's business are only temporary and material share price declines should be looked at as opportunities.Visa (However, while this creates near-term difficulty and Visa will take some near-term hits on the one hand, it’s doing serious long-term damage in its longer-term war against cash which will benefit the business once this temporary disruption from the health crisis is resolved.Downgrade in payment volumes and revenueIt was not of significant surprise that Visa announced declines in spending in payment volumes impacting its business in late March. As a toll-taker on global consumer expenditure volume, it should be intuitive that the business will be impacted by shifts or reductions in global payment spending b
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MA
Earnings
- 5/1/24 - Beat
MA
Sec Filings
- 6/28/24 - Form 8-K/A
- 6/27/24 - Form 4
- 6/26/24 - Form 4
- MA's page on the SEC website