Mastercard's India Wipeout, Visa Is Next As Rival RuPay Prepares To Go Global

Dec. 22, 2021 3:42 AM ETMastercard Incorporated (MA), V50 Comments
Sandeep G. Rao profile picture
Sandeep G. Rao
699 Followers

Summary

  • MA and V historically had overwhelming share in card branding in India until recently.
  • RuPay surpassed both in the debit card segment, is making inroads in credit cards and is backed by strong national objectives.
  • Similar "national" endeavours are on the rise elsewhere and forming cross-operability pacts that challenge MA and V's ubiquity in the long run.
  • Trends seen in line items suggest MA might be substantially affected while V is likely counting the days.
Indian rupee sign with stock market graph background

Rasi Bhadramani/iStock via Getty Images

In recent coverage given to Mastercard Inc. (NYSE:MA) and Visa Inc. (NYSE:V), both companies were credited with solid line item discipline. This line item discipline, however, hides minutiae that will grow to impede future growth outside of their home

This article was written by

Sandeep G. Rao profile picture
699 Followers
Currently leading research at Leverage Shares, I have longstanding professional experience with financial markets. All views are my own and I can assure you that I smile sometimes. M.S.F, M.B.A., IIT Chicago. My Substack where I dig *deep* into global business, market, Asia, culture, trends, etc.Please note: Leverage Shares is an ETP provider that offers daily-rebalanced products in leveraged/unleveraged/inverse/inverse leveraged factors. The company holds both long and short positions in a number of stocks (some of which might get a mention in some articles) in order to construct its products. Please consider risk factors carefully before investing in them.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I lead research at an ETP issuer that offers daily-rebalanced products in leveraged/unleveraged/inverse/inverse leveraged factors with various stocks, including some mentioned in this article, underlying them. As an issuer, we don't care how the market moves; our AUM is mostly driven by investor interest in our products.

Recommended For You

Comments (50)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.