Mastercard's global reach and digital dominance drive sustained growth in Q1 2024 📈; Stablecoins surge, challenging traditional payment giants 🚀

FinTech is Eating the World, 1 May

Hey Everyone,

Good morning & Happy Thursday! FinTech never disappoints, so in today’s issue, we’re going to look at Mastercard that thanks to its global reach and digital dominance continues to show sustained growth in Q1 2024 (a deeper dive into the most important numbers, what they mean, and what’s next for Mastercard + a bonus deep dive into its biggest rival), and stablecoins that keep surging and now are really challenging traditional payment giants (a look at the latest data, what it means & what’s next + some bonus dives into how finance giants are leveraging stablecoins already today). Let’s jump straight into the cool stuff 🌶

Mastercard's global reach and digital dominance drive sustained growth in Q1 2024 📈

Earnings time 📞 Financial behemoth Mastercard MA 0.00%↑ just posted its latest financials. The first quarter 2024 results demonstrate the company's continued strength and resilience in the global payments industry.

With net revenue up 10% and adjusted net income rising 16% year-over-year on a non-GAAP currency-neutral basis, Mastercard is capitalizing on the ongoing shift towards digital payments and leveraging its extensive global network.

Let’s take a deeper dive into the most important numbers, see what they mean, and what’s next for Mastercard.