UniCredit, Mastercard Expand Payment Partnership
Portfolio Pulse from Benzinga Newsdesk
UniCredit and Mastercard have expanded their payment partnership, creating a single card multi-market strategy across 13 European banks. This marks the first time a large commercial bank has implemented such a strategy in Europe.
May 26, 2023 | 10:03 am
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Mastercard's partnership with UniCredit to create a single card multi-market strategy across 13 European banks could potentially boost Mastercard's revenue and market presence.
The expanded partnership between Mastercard and UniCredit will allow Mastercard to leverage its expertise in the card payment space across 13 European banks. This could lead to increased revenue and market presence for Mastercard, as it will be the primary payment provider for these banks. The partnership also showcases Mastercard's ability to form strategic alliances with large commercial banks, which could attract more partnerships in the future.
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