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Chit Chat Stocks
Mastercard (Ticker: MA) with Matt Cochrane
Jun 15, 2023
Financial expert Matt Cochrane joins the hosts to discuss Mastercard's business model, valuation, and potential risks. They explore how Mastercard differs from other payment networks, factors influencing banks to choose Mastercard, and the growth of its network. They also analyze Mastercard's valuation and discuss personal experiences with buying stocks. The conversation delves into the impact of cryptocurrencies on Mastercard and government competition in the payment industry.
52:26
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Quick takeaways
- MasterCard's revenue comes from small fees for services such as authorization, clearing, and settlement, rather than from lending money or collecting interest on credit card debt.
- MasterCard's network has doubled in the last five years, primarily driven by emerging markets adopting electronic and digital payments and the increasing use of contactless phone payments.
Deep dives
MasterCard's Business Model and Function
MasterCard is a payment network that operates in over 210 countries and territories, enabling secure and convenient transactions in various currencies. It facilitates transactions through its 3.2 billion branded cards, allowing customers to make purchases at millions of physical and digital points of sale. Unlike card issuers like American Express and Discover, MasterCard does not lend money or collect interest on credit card debt. Instead, it collects small fees for services such as authorization, clearing, and settlement. It also generates revenue from cross-border and domestic transactions based on the volume of the purchases.
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