Forecast Of The Day: Mastercard’s Payment Volume Per Card
Trefis expects Mastercard’s (NYSE:MA) Payment Volume per Card to increase from $1,725 in 2020 to about $1,810 in 2021 and about $1,940 in 2022.
Card spending is strongly linked to global consumption, and we expect the numbers to pick up, considering the economic rebound following Covid-19.
Mastercard stock has underperformed the S&P 500 over the last 12 months as Covid-19 weighed down card spending. However, we think the stock has room for gains as the economy continues to reopen and revenues rebound.
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