Company Name: Mastercard Incorporated
Industry: Credit Services
Sector: Financial Services
Description: MasterCard Incorporated is a global technology company that provides payment solutions and services to various customers, such as consumers, merchants, financial institutions, governments, and businesses.
MasterCard was founded in 1966 as an association of several regional bankcard groups, and is headquartered in Purchase, New York. The company has more than 20,000 employees and operates in more than 200 countries and territories.
MasterCard's main source of revenue is transaction processing, which accounts for more than 80% of its total revenue. The company facilitates the authorization, clearing, and settlement of payment transactions across its network of MasterCard, Maestro, and Cirrus brands. MasterCard also provides value-added products and services, such as data analytics, fraud prevention, security, loyalty, and consulting. Some of its popular products include MasterCard Credit, MasterCard Debit, MasterCard Prepaid, MasterCard Digital, and MasterCard PayPass.
MasterCard operates a global network that processes over 87 billion transactions per year, with an average of over 5,000 transactions per second.
MasterCard benefits from the diversification of its customer base, as it operates in various end markets, regions, and channels. There are more than 2.6 billion cardholders, 50 million merchants, and 25,000 financial institutions worldwide.
CEO: Mr. Michael Miebach
Website: https://www.mastercard.comExchange: New York Stock Exchange