Credit card companies doomed to reinvent themselves
18 November 2020
Bottom line:
Credit and debit card companies are destined to lose market shares against other payment means. Forced to review their business model, they have multiplied investments and acquisitions in promising fintech companies to keep up with the competition. We believe that despite the current DOJ inquiries, credit card networks will have to continue their shopping spree.
We see this M&A activity as highly positive for the entire fintech industry. Our exposure to credit card majors in our portfolios will evolve based on the eventual success of current and future deals.
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