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Mastercard (MA) Eyes Tie-Up to Ease Business Travel for India

Mastercard Incorporated MA teamed up with India-based travel and spend management company, Getout System, in a bid to introduce the SaaS-based platform — Spends Ecosystem — for easing travel bookings of the country’s businesses.

The Spends Ecosystem aims to digitize travel supplier and service provider payments. Additionally, the platform is equipped with intrinsic digital workflows, and budgetary and policy conformity. This, in turn, minimizes the incidence of fraud and leads to seamless transactions for business enterprises of all sizes, thereby saving time and costs. It also contains uncomplicated accounting and expense management tools and thereby provides an opportunity to boost the financial health of an organization. 

Noteworthy, the Spends Ecosystem remains connected to an online travel marketplace to effectively cater to stakeholders of the business travel industry. Advanced business travel solution like the Spends platform is likely to provide relief from tardy and expensive business travel solutions surrounded by headwinds related to policy adherence and transparency.

The latest tie-up reinforces Mastercard’s sincere efforts to solidify its footprint in the business travel space. Simultaneously, it aims to extend innovative payment solutions and provide an impetus to India startups through the recent launch of the Spends platform. Startups, which often lay behind multinational and large-scale corporations in terms of availability of funds and resources, are likely to benefit immensely from a cost-effective and secured business travel solution.

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The move can also be termed as a time opportune one, considering the booming digital prospects and growing confidence of people in traveling. By virtue of such remarkable initiatives, Mastercard occupies a significant share of the digital payments market in India.

The country seems an attractive market for Mastercard, owing to the elevated Internet and smartphone use, coupled with several government initiatives to boost the nation’s digital growth. An improved digital suite built through constant tie-ups and significant investments enables MA to pursue digital transformation efforts globally.

Shares of Mastercard have gained 15.8% in a year compared with the industry’s 6.9% growth. MA currently carries a Zacks Rank #3 (Hold).

 

Zacks Investment Research
Zacks Investment Research


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Stocks to Consider

Some better-ranked stocks in the Business Services space are Rollins, Inc. ROL, ICF International, Inc. ICFI and The Brink's Company BCO. Rollins currently sports a Zacks Rank #1 (Strong Buy), and ICF International and Brink’s carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The bottom line of Rollins outpaced estimates in three of the last four quarters and matched the mark once, the average beat being 5.53%. The Zacks Consensus Estimate for ROL’s 2023 earnings suggests an improvement of 13.3% from the year-ago reported figure. The same for revenues suggests growth of 10% from the prior-year figure. The consensus mark for ROL’s 2023 earnings has moved 4.9% north in the past 30 days.

ICF International’s earnings outpaced estimates in each of the trailing four quarters, the average being 4.88%. The Zacks Consensus Estimate for ICFI’s 2023 earnings suggests an improvement of 9.2% from the prior-year reported figure. The same for revenues suggests growth of 10.6% from the 2022 figure. The consensus mark for ICFI’s 2023 earnings has moved 2.6% north in the past 60 days.

The bottom line of Brink’s outpaced estimates in each of the last four quarters, the average beat being 11.74%. The Zacks Consensus Estimate for BCO’s 2023 earnings suggests an improvement of 13.5% from the year-ago reported figure. The same for revenues suggests growth of 7.4% from the prior-year figure. The consensus mark for BCO’s 2023 earnings has moved 2.4% north in the past 30 days.

Shares of Rollins, ICF International and Brink's have gained 21.3%, 20.1% and 16.3%, respectively, in a year.

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Mastercard Incorporated (MA) : Free Stock Analysis Report

Rollins, Inc. (ROL) : Free Stock Analysis Report

ICF International, Inc. (ICFI) : Free Stock Analysis Report

Brink's Company (The) (BCO) : Free Stock Analysis Report

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