Mastercard’s Card Growth Slows to 5% and Allium Raises $40M
V•V•V•V•Mastercard’s branded cards grew 5% to 3.7 billion in the latest quarter, down from 6% previously, hinting at potential saturation in global payment networks. Allium secured $40 million in Series B funding to expand its blockchain analytics platform used by Visa for institutional data services.
In the latest quarter, Mastercard’s branded cards grew 5% to 3.7 billion, down from 6% last quarter. This slowdown may signal market saturation in global payment networks.
Visa’s comparable network could face similar challenges as new card additions slow, potentially reducing the pipeline for future transaction volumes and cross-border fees. Continued deceleration might pressure data-driven value-added services tied to network expansion.
Allium’s $40 million Series B, led by Amplify Partners with participation from Kleiner Perkins and Theory Ventures, enhances its blockchain analytics platform. Visa relies on Allium’s structured data to inform institutional offerings and risk management strategies.
