Deutsche Bank Reports on Credit Cards
Deutsche Bank commented on credit card companies in a report released today. In the report, Deutsche Bank was positive on Visa and MasterCard and mixed in its assessment of Global Payments.
Deutsche Bank writes, “First on acceptance, many of these regions may resemble the US payments market 25 years ago, and while better technologies could make for faster adoption of electronic payments, differentiated languages, cultures, currencies, and laws are important hurdles not faced by a more homogenized market like the US once upon a time. India may be the best case study in the region given a strong banking system, rapidly growing middle class, and a government willing to foster financial inclusion.”
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Deutsche Bank currently has a Buy rating on Visa and MasterCard and a Hold rating on Global Payments. Shares of Visa closed at $78.75; shares of MasterCard closed at $274.48; shares of Global Payments closed at $50.82.
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