Report
Jim Sinegal
EUR 98.48 For Business Accounts Only

Ant Financial’s Bid for MoneyGram Highlights Chinese Payment Ambitions

Ant Financial’s $1.2 billion bid for international remittances firm MoneyGram highlights the competitive threats in payments and other financial services emerging from the Chinese market.  Though we believe the growth prospects and competitive position of firms like Visa and MasterCard remain favorable, we currently forecast that major networks will lose a small amount of international share to such competitors over time.
The deal would provide Ant Financial, a financial services affiliate of e-...
Underlying
MASTERCARD INCORPORATED

Mastercard is a technology company in the global payments industry. The company's solutions enabling consumers to use electronic forms of payment instead of cash and checks. The company provides a range of payment solutions and services using its brands, including Mastercard?, Maestro? and Cirrus?. The company is a multi-rail network that provides customers one partner to turn to for their domestic and cross-border payment needs. The company has additional payment capabilities that include automated clearing house transactions. The company also provides offerings such as cyber and intelligence products, information and analytics services, consulting, loyalty and reward programs and processing.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jim Sinegal

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