Xooming Money Transfer To Higher Margins
The recent 10-for-1 split announcement by MasterCard (MA) should highlight the extreme profitability of facilitating financial transactions around the world. In fact, the market appears desperate for lower fee, cross border alternatives with the sudden rise in popularity of the Bitcoin, yet for investors very few growth companies exist that offer the opportunity to participate in the internet and mobile financial transaction arena. The previous mentioned MasterCard and competitor Visa (V) have already reached market values around $100 billion and don't exactly offer new opportunities.
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