I'm just catching up on a Jim Cramer Mad Money episode where he is interviewing the Mastercard CEO and says that inflation is good for credit card companies.
Since Zip is getting no large partnership deals and we are constantly talking about the Pay Anywhere feature, why shouldn't we get any of the same love Mastercard got from Cramer?
They cut the first part of the interview on youtube, but on tv the intro went like this....
- It was one of those down days where the market got smashed on inflation worries
- Jim says credit card companies benefit from inflation
- Says they take a tiny percentage of every transaction
- Higher prices = means larger transactions
- Higher transactions = more money for the companies that process the payments.
- Mastercard goes up 4% on the day everyone panics about inflation.
Why can't Zip get any of this love for inflation since we're one big glorified (digital) credit card company? We always take the worst case scenario of everything and we should really start focusing on the positives of inflation too. Pay Anywhere is basically a credit card without a merchant deal involved in the transaction.
Help me out FA peeps.... Can we apply the same Mastercard love to Zip?
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