Mastercard (MA) Brings Biometric Checkout Program to Uruguay

Zacks Equity Research
·3-min read

Mastercard Incorporated MA recently announced that it has expanded its global Biometric Checkout Program with a new pilot at Tienda Inglesa's Red Expres in Uruguay. The move expanded its program in the Latin American market.

The program enables customers to pay for their purchases with their palm, enhancing the checkout experience. This marks the second pilot in the Latin America region. Mastercard’s Biometric Checkout Program was launched in Brazil in 2022 and penetrated the Asia Pacific region in 2023. It is expected to launch more pilot programs around the world in the coming days, which will play a significant role in in-store transaction growth.

The innovative in-store biometric payment solution has been launched in partnership with Ingenico, Fulcrum Biometrics, Fujitsu Frontech, and Scanntech. Mastercard continues to forge partnerships to boost innovation in technology and bolster its capabilities and global presence.

The program is expected to make payments faster, shorten lines at checkout, boost efficiency, reduce risks like payment card fraud, and integrate with loyalty programs. Shoppers can register their palm biometrics in-store and link it to their cards.

Mastercard’s total transactions in Latin America grew 28.5%, 15.8% and 17.4% in 2022, 2023 and the first quarter of 2024, respectively. With more MA payment solutions expected to come in the future, the growth trajectory will likely continue its momentum.

Price Movements

Shares of Mastercard have gained 19.6% in the past year compared with the industry’s 17.5% growth.

Zacks Investment Research
Zacks Investment Research


Image Source: Zacks Investment Research

Zacks Rank & Key Picks

Mastercard currently carries a Zacks Rank #3 (Hold).

Investors interested in the broader Business Services space can look at some better-ranked stocks like Global Payments Inc. GPN, Paysafe Limited PSFE and WEX Inc. WEX, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for Global Payments’ 2024 earnings is currently pegged at $11.63 per share, indicating 11.6% year-over-year growth. It beat estimates in each of the past four quarters with an average surprise of 1.1%. The consensus mark for GPN’s revenues of $9.2 billion suggests a 6.4% increase from the year-ago level.

The Zacks Consensus Estimate for Paysafe’s current-year earnings is now pegged at $2.47 per share, indicating 6% year-over-year growth. It beat earnings estimates thrice in the past four quarters and missed once, with an average surprise of 18.3%. The consensus mark for PSFE’s revenues of $1.7 billion suggests a 6.5% increase from the year-ago level.

The Zacks Consensus Estimate for WEX’s 2024 earnings of $16.26 per share suggests 9.8% year-over-year growth. It beat earnings estimates thrice in the past four quarters and missed once, with an average surprise of 3.3%. The consensus estimate for WEX’s current year revenues is pegged at $2.7 billion, indicating a 7.6% increase from a year ago.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Mastercard Incorporated (MA) : Free Stock Analysis Report

Global Payments Inc. (GPN) : Free Stock Analysis Report

WEX Inc. (WEX) : Free Stock Analysis Report

Paysafe Limited (PSFE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

  • Up next
  • Up next
  • Up next
  • Up next

Latest stories

  • Now you can invest in digital gold from just RM10 with your TNG eWallet

    KUALA LUMPUR, July 2 — Malaysians can now invest in digital gold securely and conveniently from as low as RM10 following...

  • How do you count? Anwar asks Perikatan amid debate over proposed GIP acquisition of MAHB shares

    KUALA LUMPUR, July 1 — Prime Minister Datuk Seri Anwar Ibrahim today maintained that Malaysia is not at risk of losing c...

  • AI is changing banking, UBS executive says

    UBS is seeing a shift in the way clients are interacting with their bankers powered by artificial intelligence, the head of the Swiss bank's domestic business Sabine Keller-Busse said on Tuesday. She likened the shift to the way in which patients go to the doctor's with a picture of their ailment in mind, with clients using AI to come up with ideas they are then proposing to the bank. "In our industry this will happen as well because with Chat GPT there is more data available," Keller-Busse said at the Point Zero Forum in Zurich.

  • Stock market today: Nasdaq leads gains to kick off new quarter as Tesla pops 6%

    Political turmoil in France gripped investors weighing whether stocks can build on their stellar first-half performance.

  • Singapore to tighten casino rules to counter terrorism funding

    Singapore will lower the threshold for checks on cash deposits received by casinos in a bid to prevent exploitation by terrorist and criminal organisations.

  • Zacks Investment Ideas feature highlights: Nvidia, Super Micro Computer and Broadcom

    Nvidia, Super Micro Computer and Broadcom are part of the Zacks Investment Ideas article.

  • British couple become wealthier than Larry Fink after £2.5bn BlackRock deal

    A husband and wife duo who built an outdoor theatre on the grounds of their Suffolk farm estate have been catapulted into Britain’s rich list after netting £2bn from the sale of their financial data business.

  • Petrobras (PBR) Puts Off the Barracuda-Caratinga FPSO Tender

    Petrobras (PBR) delays the Barracuda-Caratinga FPSO tender for the second time due to difficulty in attracting floater companies for its Campos basin project.

  • Ninja Van cuts Singapore staff in second round of layoffs, ST reports

    Ninja Van has cut 5% of its Singapore staff amid its expansion into business-to-business restocking and cold chain logistics, the Straits Times reported, citing the company.

  • New Strong Buy Stocks for July 1st

    EAT, APOG, DAKT, M and HES have been added to the Zacks Rank #1 (Strong Buy) List on July 1, 2024.

  • Prime Broker Hidden Road Adds Major Crypto Exchanges, Expands Use of BlackRock’s BUIDL Token

    Hidden Road is now integrated with Coinbase International Exchange, OKX, Deribit, Bitfinex, AsiaNext, SIX Digital Exchange and Bullish.

  • Will Fed rate cut be 'reactive or proactive'?

    The June ISM manufacturing data fell short of expectations, reigniting speculation about a potential Federal Reserve rate cut. BCA Research chief US equity strategist Irene Tunkel joins Catalysts to share her insights on the central bank's next moves. Tunkel observes that "bad news appears to be good news" in this context. The slowing economic growth, she argues, creates conditions favorable for a Federal Reserve interest rate cut. She anticipates the first cut could come by the end of the year, partly due to "political uncertainty." However, Tunkel emphasizes that the crucial factor is whether the Fed's rate cut is "reactive or proactive." "I would argue that it may not matter when the Fed exactly cuts interest rates, but it matters what they say, and what is the perception of the market about the trajectory of interest rates," Tunkel tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith

  • US manufacturing extends slump; inflation pressures ebbing

    U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid by factories for inputs to a six-month low suggested that inflation could continue to subside. The weakness at the end of the second quarter reported by the Institute for Supply Management on Monday was across the board, with ISM Manufacturing Business Survey Committee Chair Timothy Fiore describing manufacturers as demonstrating "an unwillingness to invest in capital and inventory due to current monetary policy and other conditions." Manufacturing is being pressured by higher interest rates and softening demand for goods, though business investment has largely held up.

  • Questor: This ‘wonder drug’ firm is being backed by top fund managers

    Time waits for no-one.

  • Struggling with falling demand for farm equipment, Deere & Co. announces nearly 600 layoffs

    Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees will be laid off effective Aug. 30. A combined 310 workers will be let go at the Iowa locations.

  • Jobs data: Key reports investors are eyeing this week

    Investors are on high alert this week as crucial employment data is set to be released. The ADP report and the Labor Department's June employment figures are poised to provide fresh insights into the current state of the job market. Yahoo Finance anchor Josh Lipton joins Wealth! to summarize what is expected from these upcoming reports. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

  • How Britain’s wealthiest savers are preparing for a Labour government

    As Conservative grandees fret about a Labour “forever government” after this week’s election, Britain’s most affluent savers and investors are busy making the most of tax reliefs while they still can.

  • Bull of the Day: Vistra (VST)

    Vistra helps investors benefit from both the energy transition and the AI boom. Vistra's recent pullback sets investors up to buy VST stock at a great entry point.

  • How to navigate CD investments before an interest rate cut

    As interest rates remain high and Wall Street awaits the Federal Reserve's rate cut, Curinos head of wealth Korrynn Baltzersen joins Wealth! to discuss how investors should navigate certificates of deposit (CDs) amid the current economic backdrop. "What we've seen for the first time in recent history is that wealth clients are adopting retail CDs. And what's happening there, at the start of 2023, CDs represented just 3% of wealth deposits. And clients were adopting CDs, about 10% of acquisition balances going into retail CDs. That picked up greatly last year, as you could get to a 5% handle on a CD, there's something in the mentality of an investor that 5% seems great. And so even wealth clients started adopting CDs at a much higher pace," Baltzersen explains. She notes that historically when the Federal Reserve has started cutting interest rates, "that's when the market outperformance led more investors into the market versus keeping that money in cash." She believes there will be a "real shift" once investors can no longer get a 5% handle, as "they can just get a higher yield in the market." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl

  • Wall Street slips and Europe rises as US manufacturing grows for second month

    The S&P Global PMI reading for US manufacturing expanded to a three-month high of 51.6 in June.