Is the credit card becoming obsolete? or Is the MasterCard stock still worth it?. MasterCard has been the biggest player in the financial industry for decades as evident in the MasterCard stock. However, With digital payment starting to gain some momentum it is inevitable to ask these questions. Digital payment systems are gradually taking over as it offers ease, speed, and a wide range of transaction from your comfort zone. Meaning no paper works and certainly, no plastic cards Smartphones and laptops now do it all.
In spite of this shifting tides, it is unknown how long the old sports will afloat and stay relevant. To place the question better is how relevant will credit card be in the face of digital payments systems.
An Insight to MasterCard Stock
Despite the bumpy roads Mastercards earning went up in 2018 and market, analyst predicts yet more rise. This proves that the credit card usage days are still not over and more customers are still renewing cards.
In fact, the MasterCard stocks finished trading in 2018 at $187 per share range. With the future of the business bright and with plans in motion to inculcate digital-based payments.
Why you should buy MasterCard Stock
The MasterCard stock is doing more than just buying time to retain a firm grip on the financial business. The significant move to explore digital payment system is laudable and fuels the growth of the company.
MasterCard’s successful partnered with Kroger, Air France, digital payment platforms and banks. There seems to be more to come with partnerships like this. PayPal, Venmo, Square, and others have existing partnerships with Mastercard for credit card production. Because digital payment companies are still dependent on credit cards and tied to the old banking system.
Finally, words coming out of the company only solidify the claims that business is going good. Mastercards executives have released the following statements Saying. “The company has been outperformed over the past two years, and that there are substantial plans in place to keep moving forward,”. Also “that it is worth stating that MasterCard is working hard to expand its market share considerably by processing business to business payments”.
Buying MasterCard stock is becoming less about short-term business trends. It should be about recognizing the company consistency in compounding earnings over the years.
In conclusion on MasterCard stock
The fact is that there are turbulent time ahead with the MasterCard stock already proven with the divide predictions by financial experts. However, patience is a virtue from experience. Stocks can be sometimes about the company involved.
There is a hand full of companies that have stayed in business through innovations and gathered experiences. MasterCard is one of them with over a decade of winning the war with VISA card. There is no telling what the future holds but there are only predictions with prooves.