'Intesa Sanpaolo And Mastercard Together With Tapster For The Launch Of The New Payment Ring In Italy'
Portfolio Pulse from Benzinga Newsdesk
Intesa Sanpaolo has partnered with Mastercard and Tapster to launch a new payment ring in Italy. This innovative wearable allows users to make payments in a convenient and secure manner. The ring is linked to one of the user's payment cards and utilizes Mastercard's tokenization platform for security.
November 22, 2023 | 2:11 pm
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POSITIVE IMPACT
The launch of the payment ring in Italy by Intesa Sanpaolo may boost consumer confidence and spending, potentially benefiting EWI, an ETF that tracks the Italian equity market.
While EWI is not directly involved in the partnership, as an ETF tracking the Italian market, it could see indirect benefits from increased consumer spending and confidence in the Italian financial sector due to this innovative product.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Mastercard's involvement in the launch of the payment ring with Intesa Sanpaolo showcases its continued expansion in payment solutions and could positively impact its perception as a leader in payment innovation.
Mastercard's direct involvement in the payment ring's launch is a testament to its innovative efforts in the payment industry. This could enhance its reputation and market position, likely having a positive short-term impact on its stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70