Market News for Mastercard Inc A (MA)
Nubank and Mastercard released findings from a study on financial inclusion impact in Brazil, revealing the journey to financial health. The study shows that Brazil is advancing in financial inclusion, with 70% card penetration and high real-time payments usage. Providing access to financial services can lead to significant economic and social impact. Nubank's customers transition from access to usage within 24 months, with prepaid cards acting as a gateway to advanced financial products. While barriers to access persist, active product usage and financial education are important for sustainable benefits. Nubank emphasizes financial literacy in its products, aiming to empower consumers for better financial decisions. The study highlights the importance of digital payment tools, financial education, responsible credit use, and support for small enterprises in accelerating the journey towards long-term financial health in Brazil and beyond....
Stock Titan - 4/18/2024 1:15:00 PM
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