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The Earnings Of Payment Companies Such As Visa And Mastercard Are Affected By The Anti-epidemic Measures In European Countries

 

The Earnings Of Payment Companies Such As Visa And Mastercard Are Affected By The Anti-epidemic Measures In European Countries

The epidemic in Europe has become more serious and the city may be shut down widely. This has raised doubts that consumer activities may be hit hard. Coupled with the possible changes in regulatory regulations, payment stocks have been weak in recent days. Barron`s and Seeking Alpha reported that the outbreak in Europe again, Germany, the Netherlands, Austria and other countries have seen the largest number of confirmed cases in a single week since the outbreak began. However, the number of deaths from the epidemic is still relatively low, and the fatality rate is similar to or lower than the previous peaks. Austria restarted the nationwide lockdown measures on November 22, and it is estimated that they may be implemented for up to 20 days. Germany is on the verge of closing the city. Chancellor Angela Merkel pointed out that the country is facing its worst moment since the outbreak. The report pointed out that once more European countries' anti-epidemic measures become stricter, or even decide to close the city, it will impact the economy and crack down on tourism and consumer activities, both of which are very important for the payment industry. Statistics show that customers outside the United States account for more than 40% of Visa and Mastercard's revenue. These anti-epidemic measures will greatly affect their earnings.

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