Dj Holder Mastercard Foundation Registers 1150,000 Of Mastercard Inc >Ma

Mastercard Incorporated MA recently reported strong third-quarter 2024 earnings, driven by improved transaction volumes and resilient consumer spending. Improving cross-border volumes coupled with strong demand for value-added services favored the results.

Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.

The stock is just 0.8% below its 52-week high of $528.84. MA gained 14.6% in the past six months compared with the industry’s 14.4% rise and the S&P 500 Index’s rally of 14.8%. MA is trading above its 50-day and 200-day moving averages, indicating solid upward momentum. Now, let’s look closely at MA’s third-quarter results and long-term prospects before assessing whether to buy, hold or sell the stock.

MA’s 6-Month Price Performance

Riyadh, Saudi Arabia – As part of an ongoing commitment to advancing female entrepreneurship and enabling Saudi women to fulfil their potential, Mastercard partnered with Saudia and Blossom Accelerator — for the third season of Mastercard’s ‘Her Voice’— to empower female entrepreneurs to attain lasting success.

The entities hosted three workshops across Jeddah, Riyadh, and Khobar, with more than 100 participants across all the cities. Each workshop enabled the opportunity to foster connections among women from around the Kingdom, offering participants access to all-important learning and networking. The competition held at each workshop also provided the opportunity for one winner form each city to be granted the mentorship program.

Reima Sras, founder of Buthoor Tech, Munirah Alkadi, founder of Mawsim, and Sarah Albaiz, founder of Qantara Studio were selected as the competition’s three winners, each being enrolled on the innovative ‘Her Voice’ mentorship program facilitated by Blossom Accelerator.

Each participant was evaluated based on leadership, product viability in the market, business model strength, and other key criteria.

“As more Saudi women take the reins of leadership and drive the future of the Kingdom’s SME space, we must work to ensure that we continue pioneering innovative programs that bridge the entrepreneurship gender gap,” said Maria Medvedeva, Country Manager, Saudi Arabia, Mastercard. “At Mastercard, we believe collaboration is crucial to launching the effective platforms required to accomplish this goal, and we are pleased to have partnered with Saudia and Blossom Accelerator to empower even more women for season three of ‘Her Voice’. We look forward to seeing our mentees grow, flourish and thrive, realizing their considerable potential and serving as champions of Saudi female excellence.”

Essam Akhonbay, Vice President of Marketing at Saudia, stated: “As Saudi Arabia's national flag carrier, we are deeply invested in the nation's future and believe women are central to its success. Through 'Her Voice,' we empower female entrepreneurs to thrive, inspiring future generations and creating pathways for small businesses to prosper. By showcasing their remarkable stories on our in-flight entertainment system, we not only highlight their achievements but also reinforce Saudia's commitment to promoting local content that fuels economic growth and social progress."

“At Blossom Accelerator, we are proud to be a global leader in driving inclusive innovation, recognizing that diverse perspectives are key to unlocking economic potential and maximizing investment returns. Our mission is to empower female-led startups across the globe, equipping them with the essential tools and resources to excel in the competitive digital economy,” said Emon Shakoor, CEO & Founder. “We are thrilled to partner with Mastercard for the third season of ‘Her Voice,’ a strategic initiative aimed at amplifying the impact of women-led startups and SMEs. Through our comprehensive mentorship program, we provide participants with critical insights, invaluable experiences, and powerful connections to enhance their growth and attract investment.”

‘Her Voice’ season three shed an informative light on the stories of five guests — five inspiring women — showcasing how their love for their respective passions drove them to overcome the various hurdles they faced and attain unprecedented success.

The season focused on connecting people to their passions, with each episode exploring a different passion point, namely: “Gaming,” “Tech,” “Sustainability,” “Culinary,” and “Sport”. Over the course of each interview, guests recounted their personal and professional journeys in their own voices in conversation with the host, renowned Saudi actress and broadcaster, Danyah Shafei.

To tune into ‘Her Voice’ seasons, please click here: https://www.priceless.com/m/hervoice

About Saudia

Saudia (Saudia Airlines) is the national flag carrier of the Kingdom of Saudi Arabia. Established in 1945, the company has grown to become one of the Middle East’s largest airlines.

Saudia has invested significantly in upgrading its aircraft and currently operates one of the youngest fleet. The airline serves an extensive global route network covering around 100 destinations across four continents, including all 28 domestic airports in Saudi Arabia.

A member of the International Air Transport Association (IATA) and the Arab Air Carriers Organization (AACO), Saudia has also been a member airline in SkyTeam, the second largest alliance, since 2012.

Saudia was recently recognized as the World’s Most Improved Airline 2024 by Skytrax, marking the third time it has received this accolade, alongside 14 other distinguished awards. Saudia has also been awarded the "World Class Airline 2024" for the third consecutive year at The APEX Official Airline Ratings™ awards. Additionally, also ranked top among global airlines for best on-time performance (OTP) according to a report by Cirium.

For more information on Saudia, please visit www.saudia.com

About Mastercard

Mastercard , www.mastercard.com, Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

About Blossom Accelerator

Blossom Accelerator is a leading global accelerator dedicated to fueling innovation, investment, and economic growth. With established impact in nine countries and counting, Blossom connects startups, corporations, and governments to drive transformative change worldwide.

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

Dubai, UAE: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region and Mastercard have partnered to introduce the Emirates NBD Wholesale Travel Solution, an innovative virtual card based B2B payment product now available to travel agencies.

This new collaboration marks the continuation of a long-standing strategic partnership between the two companies and aims to digitize and optimize payment flows between travel agencies and the various suppliers associated with travel bookings.

By harnessing Mastercard’s virtual card innovation, through the Mastercard Wholesale Program (MWP), to digitize the way travel buyers pay travel suppliers, the new Emirates NBD Wholesale Travel Solution will improve cash flow through extended credit line and payment guarantee, increase visibility and enhance security through enriched data intelligence and fraud controls, and build efficiency across the travel value chain for domestic & cross border payments.

“With the volume of business-to-business payments in the EEMEA region increasing rapidly, the need for digitization has never been greater. At Mastercard, we are doubling down on corporate solutions and enabling new digital payment solutions to better support the markets we serve. We are excited to build on our longstanding relationship with Emirates NBD to extend the benefits of our virtual card to its travel agency customers, empowering them to reap the full benefits of the digital economy,” said J.K. Khalil, EVP & Division President, East Arabia, Mastercard.

“Emirates NBD is proud to lead the way in delivering cutting-edge solutions tailored to the travel industry. Our newly launched Wholesale Travel Solution Corporate Card developed in collaboration with Mastercard, addresses the sector’s unique requirements for secure and efficient B2B payments to global suppliers. This solution enables us to enhance payment processes, providing businesses with a seamless, reliable solution for their transactional needs,” said Marwan Hadi, Group Head of Retail Banking & Wealth Management, Emirates NBD.

Insights from the International Air Traffic Association (IATA) predict that 4.7 billion people will travel by air in 2024, a historic high that exceeds the pre-pandemic level of 4.5 billion recorded in 2019. As consumers return to travel and the industry continues to grow, it is essential that the sector re-thinks the processes and technologies that bring these bookings to life. B2B Payments power the travel economy, and the Mastercard Wholesale Program brings benefits across the travel value chain by accelerating the adoption of virtual cards for travel transactions.

About Mastercard

www.mastercard.com

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

About Emirates NBD

Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 30th September 2024, total assets were AED 956 billion, (equivalent to approx. USD 260 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 859 branches and 4,512 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 3.89 billion.

Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region.

Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE’s main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE’s Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.

For further information on Emirates NBD, please contact:

Ibrahim Sowaidan

Senior Vice President

Head - Group Corporate Affairs

Emirates NBD

e-mail: ibrahims@emiratesnbd.com

Burson

Dubai, UAE

Email: emiratesnbd@bm.com

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions safe, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

www.mastercard.com

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.