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American Express Company (AXP – Q3FY20) – AXP witnessing steady growth despite COVID-19 headwinds.

American express recently acquired Kabbage, a leading financial technology company serving small businesses in the U.S., and in the official launch of their network in mainland China. This furthers company’s plans to offer U.S. small businesses an easy and efficient way to manage their payments and cash flow digitally in one place. Executive Summary Financial […]

Qiwi, Inc (QIWI – Q2FY20) – Growth slowed due to Covid, recovery expected in second half of FY20.

In June, Qiwi saw a strong recovery in the key markets and niches of their Payment Services segment and managed to achieve positive Y/Y growth. Moreover, their B2B projects, including Factoring PLUS, Flocktory and even Tochka JV showed impressive resilience and strong operational performance despite the complicated environment.  Executive Summary  Financial Statements – Income Statement […]

Global Payments Holdings Inc (GPN – Q2FY20) – Expanding partnerships to provide innovative solutions.

Global Payments plans to work with AWS to build on AWS’s customer relationships, making innovative technologies available to institutions of all sizes worldwide and expand the customer base for Global Payments’ issuer processing services. Executive Summary Financial Statements – Income Statement and Forecast – Balance Sheet – Cash Flow – Company Overview – Quarterly results […]

Mastercard Incorporated (MA Q2FY20 ) – COVID 19 has accelerated MA’s digital payment business.

Mastercard has a strong brand name and an amazing track record . The company handles global payments and processes billions of transactions. It shares a duopoly market with Visa. MA has a global reach with around 2.6 billion cards issued worldwide to more than 210 countries and territories.  The company has also made partnerships that […]

Visa Inc (V – Q3FY20) – The Future looks promising for VISA.

Visa  announced that it was working with Facebook on a new peer-to-peer payments system using Facebook’s WhatsApp messaging software in Brazil. Visa also added more than 80 million contactless, tap-to-pay cards since January, and tap-to-pay penetration increased in almost fifty countries. Executive Summary Financial Statements – Income Statement and Forecast – Balance Sheet – Cash […]

PayPal Holdings Inc (PYPL – Q2FY20 ) – Positive on PayPal’s many growth catalysts.

PayPal reported a record 21.3 million net new active accounts, making it the strongest quarterly growth in the company’s history. Customer engagement remained strong as well, with 40.7 payment transactions per account on a trailing- 12-month basis, up 4%. Executive Summary Financial Statements – Income Statement and Forecast – Balance Sheet – Cash Flow – […]

American Express Company (AXP – Q2FY20) – AXP was profitable in a relatively slow period.

American Express AXP became the first foreign payments network to be licensed to clear local currency transactions in mainland China. Cash and cash equivalents were $41 billion, up 52% year over year.The quarter ended with $1.6 billion in provisions for losses and a $62 billion reserve build. Executive Summary Financial Statements – Income Statement and Forecast – […]

PayPal Holdings Inc (PYPL – Q1FY20 ) – A Global Digital Payment Powerhouse.

PayPal’s 70% stake in GoPay, a provider of mobile payments in China, gives the company a segue into the world’s most populous country. The company expanded its total addressable market as the result of the acquisitions of Honey. Contributions from Honey acquisition remained positive in the quarter. Its agreement with MercadoLibre offers PayPal access to […]

American Express Company (AXP – Q1FY20) – Volumes highly impacted due to COVID-19 Pandemic.

American Express Launches ‘Stand for Small’ Coalition to Support U.S. Small Businesses. A coalition of more than 40 companies across various sectors, that have come together to provide meaningful support to small businesses as they navigate the impacts of Covid-19. Executive Summary Financial Statements – Income Statement and Forecast – Balance Sheet – Cash Flow […]

Mastercard Incorporated (MA – Q4FY19 & FY19) – Strong Q4FY19 results driven by solid transaction & volume growth.

Mastercard (MA) and Revolut , announced a partnership to launch Revolut cards in the U.S. by the end of the year, as part of an expansion of their relationship enabling the issuance of cards in any market around the world where Mastercard is accepted.The announcement confirms the two businesses will partner on a minimum of […]

PayPal Holdings Inc (PYPL – Q4FY19 & FY19) – On the verge of becoming a Powerhouse of Payments

PayPal announced a strategic partnership with UnionPay International (UPI) whereby both companies will work together to better serve joint consumers and merchants. As part of this partnership, UPI will support PayPal’s merchant and consumer initiatives in China and PayPal will support UPI acceptance globally where PayPal is accepted. Executive Summary  Financial Statements – Income Statement […]

Qiwi, Inc (QIWI – Q3FY19) – with strong adjusted revenue growth

Qiwi upgraded its total adjusted net revenue growth and adjusted net profit guidance for FY19. It is currently exploring opportunities of partial or complete sale of Rocketbank. Executive Summary  Financial Statements – Income Statement and Forecast – Balance Sheet – Cash Flow – Company Overview – Q3FY19 results – Nine Months Performance – Segment Overview – […]