Mastercard and Venmo are set to enter the cross-border, peer-to-peer payments sector with their respective acquisitions of Transfast and Earthport. As well as expanding global revenue streams for both card payment giants, analysts said the entry of Mastercard and Venmo into the cross-border payments market could put pressure on disruptors PayPal and Visa.
Mastercard and Visa are set to enter the cross-border, peer-to-peer payments sector with their respective acquisitions of Transfast and Earthport. As well as expanding global revenue streams for both card payment giants, analysts said the entry of Mastercard and Visa into the cross-border payments market could put pressure on disruptors PayPal and Venmo.