Mastercard Incorporated (MA) Partners with LoanPro to Offer Loan on Card

Mastercard Inc. (NYSE:MA) is one of the best forever stocks to buy according to hedge funds. On December 16, Mastercard Inc. (NYSE:MA) announced a strategic partnership with LoanPro to launch Loan on Card. The solution is designed to make it easier for lenders to deliver loans to approved consumer and small business borrowers through virtual and physical card-based experiences.

The Loan on Card will go into operation in 2026 and provide borrowers with instant access to funds that can be used anywhere Mastercard is accepted. MasterCard’s global payment network and Mastercard Installment Program are to power the service, allowing lenders across all asset classes to offer fixed-term loans.

“The Loan on Card concept is a powerful example of how technology can simplify lending for financial institutions and borrowers. Together, Mastercard and LoanPro intend to help lenders to deliver flexible funding to consumers and small businesses with the reach and trust of the Mastercard network,” said Stefany Bello, senior vice president, Digital Partnerships, Fintech & Enablers, U.S., at Mastercard.

The unveiling of the Loan on Card comes on the heels of Mastercard increasing its quarterly dividend by 14% to $0.87 a share. The payment, to be made on February 9, 2026, represents the 14th year of consecutive increases. In addition, the board has approved a new $14 billion share repurchase program. The program is to commence on the completion of the current $12 billion repurchase program. Earlier on December 8, HSBC upgraded Mastercard to Buy from Hold and set a price target of $633.

Mastercard Incorporated (NYSE:MA) is a global technology company that facilitates electronic payments, acting as a bridge between banks, merchants, and consumers to make transactions secure, simple, and smart. It provides a network, security, and data for credit, debit, and prepaid card payments, earning revenue from transaction fees, not interest or annual fees.

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Disclosure: None. This article is originally published at Insider Monkey.