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-0.000102348907425514 0.000272930419801048 3.41163024751067E-05 0.000375108745714229 -0.0011940705866299 0 -0.00127100284871122 0.000307046722276154
Stock impact report

Why Mastercard invested in Corpay [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Mastercard invested in Corpay's cross-border unit last month largely because of a “synergistic” fit between the companies, Chief Financial Officer Sachin Mehra explained at an investor conference last week. It's unusual for one large publicly-traded company to make a minority investment in another publicly-traded company, and for just a 3% ownership stake in this case. When Mehra was asked to explain the move during JPMorgan Chase's Global Technology, Media and Communications conference on May 13, the CFO expounded on the benefits of the tie. Corpay handles big-dollar, account-to-account cross-border payments, mainly for corporate clients, and primarily in the U.S., Mehra explained at the JPMorgan event . By contrast, Mastercard's expertise is in lower-value cross-border card payments globally, tapping its financial institution partner channels, he said. Bringing those capabilities together benefits both companies, he contended. “This is very synergistic for both companies in m Show less Read more
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