Latest news with #payments
Yahoo
an hour ago
- Business
- Yahoo
Is Corpay Stock Outperforming the Nasdaq?
With a market cap of $23.1 billion, Atlanta, Georgia-based Corpay, Inc. (CPAY) operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States and internationally. Companies worth $10 billion or more are generally described as "large-cap stocks", and CPAY fits this description perfectly. The company offers vehicle payment solutions, prepaid food and transportation vouchers and cards, corporate payment solutions, virtual cards, cross-border solutions, and serves business, merchant, consumer, and payment network customers. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer CoreWeave Stock Is Too 'Expensive' According to Analysts. Should You Sell CRWV Now? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! CPAY currently trades 21.6% below its all-time high of $400.81 recorded on Feb. 6. Corpay's stock has declined 9.4% over the past three months, notably underperforming the Nasdaq Composite's ($NASX) 11.7% uptick during the same time frame. In the long term, CPAY stock has declined 7.1% on a YTD basis, underperforming the Nasdaq's 1.2% increase. However, shares of CPAY grew 24.6% over the past 52 weeks, outperforming NASX's 9.4% returns over the same period. To confirm its recent downturn, CPAY has been trading below its 200-day moving average since early April, with some fluctuations, and dropped below its 50-day moving average in the previous trading session. CPAY stock prices remained mostly flat in the trading session after the release of its better-than-expected Q1 earnings on May 6. The company's net revenues increased 7.5% year-over-year to approximately $1 billion, mainly driven by solid performance in its Corporate Payments segment, and surpassed the Street's estimates as well. Its adjusted EBITDA margin came in at 55.2%, flat year-over-year, and its adjusted EBITDA came in at $555.4 million. The company's adjusted net income grew 7.2% year-over-year to $322.9 million, and its adjusted EPS increased 10% from the prior year's quarter to $4.51 and surpassed the consensus estimates. Its peer, PayPal Holdings, Inc. (PYPL) has declined 19.7% in 2025 and has surged 16% over the past year, underperforming Corpay. Among the 17 analysts covering the CPAY stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $393.13 suggests a 25% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
4 hours ago
- Business
- Finextra
Why closed-loop payments are ideal for boosting loyalty: By Nikunj Gundaniya
Loyalty fails when it's disconnected from how people pay. Traditional loyalty programs are often built as afterthoughts. A separate sign-up. A separate app. A separate step. But it doesn't have to be like that, right? Because it's a disconnected experience for your customers. And that often leads to hesitation and confusion. What if loyalty can be tied to the payment? Because it's the one action every customer repeats. Every transaction is a moment to reinforce brand trust or lose it. Closed-loop payments make that possible. They don't just process a sale. They embed loyalty directly into the act of paying. That means no extra cards and no extra friction for your customers. Just the value that is delivered at the moment it matters most. There are multiple reasons why a closed-loop payment solution is a powerful tool to drive loyalty. Let's explore them one by one. Seamless loyalty integration at the point of payment Loyalty doesn't feel like a chore when it's embedded in the payment experience itself. That also means your customers don't need to swipe any extra card, enter a number, or remember to open a separate app. The moment they pay, they earn rewards. Then they are ready to redeem discounts. That's how closed-loop transactions create value. This simplicity drives behavior. When loyalty is automatic, it becomes invisible. And that's the goal for businesses like yours. Customers return not because they're trying to 'work the program,' but because it just works, and that too effortlessly. Remove friction from the buying journey and payment experience, and you will surely see higher engagement and better retention. Closed-loop payments do exactly that. When your customers realize that every payment they make provides some value in return, then they are likely to choose your business repeatedly. Encourages habitual spending and repeat visits There's a simple psychological effect at play when customers preload funds into a closed-loop wallet or card: they feel committed. It's like they've already paid. Now, they are just waiting to 'use' that, which gives them a strong reason to return. This stored value loop is powerful, especially for businesses built on repeat purchases like Cafés, fuel stations. transportation, local grocers, etc. Once customers load value into your branded payment system, coming back becomes the default choice. And because rewards accumulate automatically, repeat visits become habitual, not forced. Rich first-party data to power loyalty strategies Unlike open-loop systems, where transaction data is filtered through external providers, closed-loop payments keep the data within the issuing party (i.e., your business). That means you can know who your top customers are. How often they buy. What they buy. When they stop coming. With such data at your disposal, you can build real relationships, not one-size-fits-all campaigns. Besides, you can reward frequency, re-engage the quiet spenders, or tailor offers for high-value customers. With closed-loop payment systems, loyalty isn't a guessing game. It's personalized, dynamic, and built on actual behavior. Greater control over customer experience When you control the payment experience, you control the loyalty journey. Closed-loop prepaid cards or e-wallets give you full ownership, from branding and UX to how rewards are calculated and delivered. Want to create tiered benefits? Offer cashback based on cart value? Trigger rewards based on purchase streaks? You can. Whether it's an in-app wallet or a physical card, every interaction stays within your ecosystem. No third-party branding. No outside rules. Just your business, your experience, your customer. That kind of control builds stronger loyalty, because the experience is consistently yours. Lower costs & more value back to customers There's a financial logic to this as well. How? Because closed-loop payments cut out the middlemen. That means no interchange fees and no external transaction charges. It's only direct payments inside your business. That cost savings adds up when you consider that there are thousands of transactions involved every month. And you can reinvest this into better loyalty offers, without eating into your margins. Hence, instead of spending to operate a rewards program, you're using a more efficient payment system that funds the loyalty loop itself. It's sustainable, scalable, and smart. Use cases across industries Closed-loop payments fit any business where loyalty and repeat spend matter. Below are some examples where they work seamlessly: Retail : Drive frequency, push exclusive offers, and reward spend without outside platforms. Transportation & Mobility : Ideal for rides, rentals, and transit systems where speed and habit drive usage. QSR & Cafés : Preloaded wallets or cards keep lines moving and customers coming back. Education & Campus Services : Manage student spending, discounts, and access all in one system. Events & Hospitality : Deliver a fully branded guest experience, such as spending, rewards, and perks, all with a single branded card. Conclusion Loyalty shouldn't be something customers chase after. It should be smooth. It should be effortless. And that can happen when it's built right into the payment experience. Closed-loop payments do exactly that. By tying rewards directly to transactions, they make every visit more valuable and every spend more meaningful. The result? Better data, stronger relationships, and higher retention. Whether through e-wallet apps, prepaid cards, or both, closed-loop payment solutions give your business the tools to turn payment into seamless loyalty. If you are looking to boost customer loyalty and retention, then you should definitely consider closed-loop payments.
Finextra
4 hours ago
- Business
- Finextra
Mastercard collaborates with enza to boost fintech innovation across Africa
Mastercard and enza – a payment solutions company – have collaborated to connect fintech companies across Africa to the Mastercard network. This collaboration will enable fintech players to build propositions on the enza platform that serve both consumers and businesses with embedded Mastercard payment solutions capabilities. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. According to a report by the European Investment Bank, the number of fintech companies in Africa has nearly tripled since 2020. Many of these innovators focus on embedding payment services into broader solutions that tackle financial access, offering alternatives to legacy systems that often have a high cost to serve. Fintech companies in Africa will now be able to easily access the full suite of Mastercard services. The collaboration aims to reduce complexity and speed up time to market for emerging players building digital financial solutions across the continent. 'At Mastercard, we are focused on powering the fintech ecosystem by enabling access to our trusted global network. Through our work with enza, fintech innovators in Africa will be able to deploy embedded payment capabilities more efficiently – helping accelerate financial inclusion and the region's digital transformation,' said Mete Guney, executive vice president, Market Development, EEMEA, Mastercard. As part of the agreement, enza will host consumer and merchant accounts, manage integration with Mastercard's network, and ensure high levels of security and system availability. Fintech companies can configure pre-paid or post-paid accounts, and issue physical or virtual Mastercard cards. For businesses, enza will enable acceptance of Mastercard payments across in-store, online and in-app channels. 'enza is on a mission to make digital payments more accessible and affordable across Africa, helping to build a more financially inclusive continent that is ready and able to compete globally. Our collaboration with Mastercard leverages our existing relationship to more effectively serve the fintech community. Together, we will provide innovators with a platform capability that means they do not need to build this aspect of their proposition and can get to market with greater speed and security,' said Andrew Key, Executive Director, enza. Founded in 2023, enza is headquartered in Abu Dhabi, with regional offices in Egypt, South Africa and Nigeria. The company's innovative payment infrastructure delivers the flexibility and agility needed to increase competitiveness, capitalize on new markets and develop new revenue streams through better serving consumer and business customers across Africa.
Bloomberg
5 hours ago
- Business
- Bloomberg
UK Regulator to Probe Amazon Over Delayed Payments to Suppliers
The UK's supermarket regulator is investigating Inc. over delayed payments to the online retailer's suppliers. The Groceries Code Adjudicator said Friday it has reasonable grounds to suspect Amazon has breached rules relating to payments, based on evidence from a range of sources. The company could face a fine of as much as 1% of its annual revenue in the UK if a breach is confirmed.
Finextra
6 hours ago
- Business
- Finextra
Payabl. integrates Prestashop into e-commerce platforms, enabling seamless payments for merchants
European fintech provider payabl. has announced the launch of a new integration with PrestaShop, one of Europe's leading open-source e-commerce platforms. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The newly available plug-in allows PrestaShop users to connect to payabl.'s end-to-end payment infrastructure, giving online merchants access to over 300 local payment methods, card acquiring, multi-currency support, fraud prevention, and real-time reporting – all through a seamless checkout experience. Through this integration, PrestaShop's 250,000 merchants will now have the option to easily connect to payabl.'s technology and offer customers a seamless, secure, and scalable checkout experience. The plug-in enables merchants to accept card payments and 300+ local payment methods, supporting multi-currency transactions, built-in fraud prevention, and real-time reporting. While e-commerce sales in Europe are expected to surpass €565 billion by 2029*, payabl.'s research has shown 43% of consumers say that they would not return to a retailer after a poor checkout experience**, making the payment experience central to maximising this growth opportunity. This integration means PrestaShop's merchants can feel confident they are offering their customers an improved checkout experience with less friction, as well as faster and safer transactions. Today's announcement reflects payabl.'s commitment to simplifying payment processes for merchants and making secure, scalable solutions accessible across Europe. By launching this integration, payabl. aims to offer PrestaShop merchants an enhanced checkout experience while expanding its presence across one of the largest e-commerce ecosystems in the region. Ugne Buraciene, Group CEO of payabl., said: 'E-commerce continues to grow at pace across Europe, and making payabl.'s technology available to PrestaShop merchants is a natural step in our mission to support businesses with robust, scalable payment solutions. 'Today's consumers expect checkout experiences that are simple, fast, and secure — and our integration is designed to help merchants deliver exactly that. With payabl., businesses using PrestaShop can focus on growth while relying on a frictionless, secure payment infrastructure that keeps up with evolving customer demands.' European e-commerce expansion Reversing the immediate post-pandemic trend of in-store buying, e-commerce sales are now predicted to grow 7.8%. According to Forrester, this will increase by 16% from €389 billion in 2024 to €565 billion in 2029, with contributing factors including a stronger economy, the increasing adoption of omnichannel strategies, better price transparency, and cross-border marketplace expansion. In response to this accelerating demand, payabl. has made its advanced payment technology available to online merchants using the PrestaShop platform. The integration supports the growing need for secure, efficient, and scalable payment solutions across Europe and beyond. payabl. is a leading financial technology provider, delivering end-to-end payment solutions across card acquiring, local payment methods, point-of-sale (POS) terminals, multi-currency business accounts, and card issuing. Its gateway enables merchants to accept card payments and over 300 local methods globally, with seamless integration, real-time reporting, and dedicated support. Combining advanced payment technology with built-in fraud prevention and a high-touch service model, payabl. empowers businesses to grow faster with secure, scalable, and innovative payments.
