Stripe Capital will provide cash advances to small business customers of Stripe's payment platform.
Slower sales growth also weighed on the stock but "new products and services can provide a second wind to growth as the year progresses."
An industrial loan charter would enable Square to provide loans and other financial services directly to merchants.
Strong consumer spending overseas helped drive Mastercard's gross dollar volume to $1.4 trillion in the third quarter.
The payments firm wants to offer a one-stop shop for financial needs by operating Square Financial Services under an industrial loan company charter.
Delaying payments is boosting the working capital performance of America’s largest companies, but also masking a lack of efficiency.
The deal signals MasterCard's continued penetration of international payments and point-of-sale markets.
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The card payments company reported a 6% decline in profit but revenue climbed.
The company is combining its banking, risk, and legal organizations into a single group and appointing a new chief risk officer.
Twenty-three percent of finance executives are renegotiating banking contracts and 25% are actively seeking new banking partners, says AFP.
