Business
3 reasons Mastercard is a buy
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
Like many businesses, Mastercard Inc (NYSE: MA) has felt the impact of the COVID-19 pandemic. Rising unemployment and social distancing measures have reduced consumer spending in many key markets, from entertainment to travel. As a result, Mastercard’s revenue has dropped over 10% during the first nine months of 2020. But for investors willing to see past the present, Mastercard’s culture of innovation and operational excellence positions the company for strong growth in the years ahead. Here are three reasons why Mastercard looks set to succeed.
1. An enormous market opportunity
During Mastercard’s most recent…
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