Wal-Mart’s Credit-Card Portfolio To Convert To MasterCard

Mani

Published onApril 4, 2014

Updated on May 13, 2021

Wal-Mart Stores, Inc. (NYSE:WMT) announced today, April 4th, that its co-branded credit card portfolio will convert to Mastercard Inc (NYSE:MA) later this year.

Mastercard Inc (NYSE:MA) has been battling in recent years to win more co-branded partnerships to boost transaction volume over its payment network.

Cards to carry MasterCard’s logo

In a deal struck by the retail giant with General Electric Co’s banking arm, Wal-Mart Stores, Inc. (NYSE:WMT)’s co-branded credit cards will soon carry MasterCard’s logo. Wal-Mart’s co-branded cards, like other co-branded cards, offer discounts and other perks for shopping at the...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Wal-Mart’s Credit-Card Portfolio To Convert To MasterCard

Cards to carry MasterCard’s logo

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