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Articles tagged “Mastercard”

Tourism

Visa, Mastercard Leap Beyond 2019 in Cross-Border Spending

The Caribbean has seen one of the biggest increases in cross-border spending, with many Americans traveling there and making the most of the strong dollar.

Matthew Parsons | 12 months ago

Visa, Mastercard Leap Beyond 2019 in Cross-Border Spending

Tourism

India Daily: Travelers Weigh in on the Sustainability Cost-Tradeoff

Travel agencies, lodging providers and booking sites must have clarity in their presentation of sustainability information to address the needs of the environmentally friendly traveler.

Amrita Ghosh | 12 months ago

India Daily: Travelers Weigh in on the Sustainability Cost-Tradeoff

Business Travel

American Express Sees Flights Propping Up Record Spending Volume On Cards

Credit card members are flying and eating out like never before, driven by Millennial and Gen Z's propensity to travel. Hotels are lagging airlines in terms of growth.

Matthew Parsons | 12 months ago

American Express Sees Flights Propping Up Record Spending Volume On Cards

Tourism

Mastercard Warns Travel Demand Will Hit a Peak Slowing Revenue Growth

A looming worldwide recession will likely put a dent in the pent-up demand for travel that many experts had believed wasn't going to decrease in the near future.

Niket Nishant, Reuters | 1 year ago

Mastercard Warns Travel Demand Will Hit a Peak Slowing Revenue Growth

News Blog

Mastercard to Invest in Fintech Company Conferma Pay

Mastercard is planning to make a minority investment in Conferma Pay, a fintech company acquired earlier this year by Sabre Corporation. The new partnership with Mastercard will allow Conferma Pay to expand the use of virtual cards for business-to-business travel payments. Sabre acquired Conferma Pay for $72.5 million in August 2022, according to a filing…

Justin Dawes | 1 year ago

Travel Booking

Mastercard’s Weak Forecast Overshadows Upbeat 3rd Quarter Boosted by Travel

While credit card companies continue to benefit from the travel rebound, Mastercard's earnings call might be a reality check for industries that rely on discretionary spending.

Manya Saini and Niket Nishant, Reuters | 1 year ago

Mastercard’s Weak Forecast Overshadows Upbeat 3rd Quarter Boosted by Travel

Tourism

Mastercard Warns Inflation May Soon Slow the Travel Spending Bonanza

The payment network saw cross-border volumes jump 58 percent in its second quarter, but don't expect the spending surge to carry on.

Niket Nishant, Reuters | 2 years ago

Mastercard Warns Inflation May Soon Slow the Travel Spending Bonanza

Tourism

Tourists Ditch Shopping Sprees for Big Nights Out Since Pandemic

Bars, nightclubs, theme parks and museums will be the winners this summer. The "experience economy" is back.

Mary Ann Ha and Matthew Parsons, Skift | 2 years ago

Tourists Ditch Shopping Sprees for Big Nights Out Since Pandemic

Hotels

Fintech to Help Smaller Hotel Brands Like Selina Launch Rewards Cards

Selina's launch of a loyalty card will be eyed by other emerging brands in travel lodging. Its choices in marketing the card to early-career travelers will be watched by all hoteliers coveting that segment.

Sean O'Neill | 2 years ago

Fintech to Help Smaller Hotel Brands Like Selina Launch Rewards Cards

Business Travel

American Express, Mastercard and Visa Don’t Agree on Travel’s Recovery Timeline

Wrapping up quarterly results from the three major credit card companies, a clear ramp up is happening in transactions across the travel and entertainment categories, but growth among large corporations and cross-border spending may stall.

Matthew Parsons | 2 years ago

American Express, Mastercard and Visa Don’t Agree on Travel’s Recovery Timeline