3 Stocks That Could Be Held For The Next 20 Years - Mastercard!

1-Mastercard Mastercard (NYSE: MA) is a financial services company that started life in 1979. On the way, the company evolved into a digital payment company that leverages technology to connect consumers, financial institutions and merchants. Mastercard had approximately 2.7 billion cards at the end of 2020 and processed $ 24.8 billion in the last quarter, demonstrating how strong its global ecosystem is. The epidemic that started in 2020 negatively impacted Mastercard. While its income decreased by 9 percent compared to the previous year, its net income decreased by 21 percent compared to the previous year. Despite weak results, the company released a report showing that transaction volume increased 2 percent worldwide for the week ending January 21. Closing borders and restricting air travel meant that cross-border transaction volumes remained at 70 percent compared to the same period last year. However, Mastercard does not seem to be shaken at all by this temporary drop. He is very determined to improve himself through acquisitions and partnerships. Mastercard formally completed the acquisition of the majority of the corporate services business of Nets, a European payment technology company, in March. The procurement was made to improve the payment infrastructure, invoice operations and transform the faster processing of invoices into a higher service understanding. This month, Mastercard acquired digital transactions analytics and analytics firm Ekata for $ 850 million to gain valuable insight data. This acquisition will help the company improve its identity verification processes to fight fraud and ensure authenticity of payment transactions.   3 Stocks That Could Be Held For The Next 20 Years - Mastercard! Source: https://www.fool.com/ You may also be interested in: Biggest Dividend Shares of April 2021!