Mastercard is a payment processor providing innovative and secure solutions to enable digital payments.


Financial and Banking  




MarketCap US

US United States



Mastercard Inc. is the second-largest payment-processing corporation worldwide. It offers a range of financial services. Its headquarters are in Purchase, New York. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.

Mastercard (originally Interbank then Master Charge) was created by an alliance of several banks and regional bankcard associations in response to the BankAmericard issued by Bank of America, which later became Visa, still its biggest competitor. Prior to its initial public offering, Mastercard Worldwide was a cooperative owned by the more than 25,000 financial institutions that issue its branded cards.

The company is publicly traded and is listed on the New York Stock Exchange. It is widely followed by investors and analysts and is considered one of the largest and most successful financial services companies in the world.  Also, Mastercard is part of the eTrade Alliance and supported by USAID


Mastercard was founded in 1966 as Interbank Card Association (ICA) by a group of banks in California, USA, as a response to the growing need for a reliable and universal payment system. The ICA initially issued a single credit card, called Master Charge, which could be used at participating merchants and banks. The card was designed to provide a convenient and secure alternative to cash and checks.

In 1969, the ICA expanded its reach by forming an alliance with the European Eurocard system, allowing Master Charge to be used in Europe as well. This partnership marked the first step towards establishing a global payment network.

In 1979, ICA changed its name to Mastercard International, and the Master Charge brand was renamed Mastercard. The company also introduced its iconic red and yellow logo, which remains one of the most recognisable symbols in the world.

During the 1970s, Mastercard continued to expand its network of member banks and merchants, making its cards widely accepted around the world. In 1974, the company introduced its first debit card, called the Mastercharge debit card, which allowed customers to access funds directly from their bank accounts.

By the end of the 1970s, Mastercard had established a solid foundation for growth and innovation in the decades to come. The company had evolved from a small group of banks in California to a global payment network that was changing the way people transacted and did business around the world.

In 1981, Mastercard introduced the first electronic authorisation system, which allowed merchants to quickly and securely verify the validity of a cardholder's account and obtain authorisation for a transaction. This system paved the way for the development of more advanced payment technologies, such as chip cards and contactless payments.

In the 1980s and 1990s, Mastercard launched several new products and services, including a corporate card program, a prepaid card program, and a loyalty rewards program for cardholders.

In 1992, Mastercard introduced its SecureCode program, which added an extra layer of security to online transactions by requiring customers to enter a unique code when making purchases. This program was later expanded to include Mastercard's Identity Check program, which uses biometric authentication to verify the identity of cardholders during online transactions.

In the late 1990s, Mastercard faced increasing competition from new players in the payments industry, such as PayPal and other digital wallet providers. To stay ahead of the curve, Mastercard began investing heavily in new payment technologies, such as mobile payments and digital currencies.

In 1997, Mastercard merged with Europay International, a European payment card provider, to form Mastercard International Incorporated. This merger helped Mastercard expand its presence in Europe and paved the way for the company's growth in the global payments market.

By the end of the 1990s, Mastercard had established itself as one of the world's leading payment providers, with a network of millions of merchants and billions of cardholders around the world. The company was well-positioned to take advantage of the emerging digital payments landscape and continue its legacy of innovation in the years to come.

In the early 2000s, Mastercard continued to innovate and expand its offerings in response to changes in the payments industry. The company launched its first mobile payment service in 2003 and introduced a suite of digital payment solutions, including Masterpass and Mastercard Send, in the following years.

In 2006, Mastercard went public with an initial public offering (IPO) that raised $2.4 billion, making it one of the largest IPOs in history at the time. The company continued to grow its network and expand its partnerships with merchants, banks, and other payment providers around the world.

In 2012, Mastercard launched its Priceless Cities program, which offers cardholders exclusive access to events, experiences, and other perks in cities around the world. This program has helped the company build stronger relationships with its customers and create new revenue streams beyond traditional payment processing.

In recent years, Mastercard has focused heavily on digital payments and expanding its presence in emerging markets. The company has invested in technologies such as blockchain and artificial intelligence to improve the speed, security, and efficiency of its payment processing services.

In 2019, Mastercard acquired Transfast, a cross-border payments company, to expand its capabilities in the growing market for international payments. The following year, the company acquired Finicity, a fintech company specialising in financial data sharing and open banking.


Mastercard's mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. 

The company is committed to using its technology and expertise to create a world where everyone has access to the financial services they need to thrive and reach their full potential. Through its products, services, and partnerships, Mastercard aims to enable greater financial inclusion, drive economic growth, and help build a more sustainable future for all.


Mastercard's vision is to build a world beyond cash, where every transaction is digital, secure, and accessible to all. The company believes that a cashless future can bring about greater financial inclusion, economic growth, and sustainability, and it is committed to working towards this goal. 

Mastercard envisions a world where individuals, businesses, and governments have the tools they need to participate fully in the digital economy, and where financial services are available to everyone, regardless of their location or economic status. Through innovation, collaboration, and a relentless focus on customer needs, Mastercard aims to create a future where everyone has the power to realize their dreams and aspirations.

Key Team

Michael Miebach (CEO)

Ajay Bhalla (President, Cyber and Intelligence Solutions)

Andrea Scerch (President, Latin America and the Caribbean)

Ari Sarker (President, Asia Pacific)

Carlo Enrico (President, Latin America and Caribbean)

Chad Wallace (Executive Vice President, Commercial Solutions)

Cheryl Guerin (Executive Vice President, Global Brand Strategy & Innovation)

Chiro Aikat (Executive Vice President, U.S. Market Development)

Craig Vosburg (Chief Product Officer)

Dimitrios Dosis (President, Eastern Europe, Middle East, and Africa)

Ed McLaughlin (President & CTO, Mastercard Technology)

Eric Schneider (Executive Vice President, Advisors Business Development)

George Maddaloni (Chief Technology Officer Operations, Mastercard Technology)

Greg Ulrich (Executive Vice President, Strategy, Corporate Development M&A)

Jennifer Erickson (Executive Vice President, Communications)

Jennifer Rademaker (Chief future of Work Officer)

Jess Turner (Executive Vice President, Global Open Banking and API)

Johan Gerber (Executive Vice President, Security and Cyber Innovation)

Jorn Lambert (Chief Digital Officer, Digital consumer Solutions)

Karen Griffin (Chief Risk Officer)

Ka-Wai Au (Executive Vice President, Global Customer Delivery)

Ken Moore (Chief Information Officer)

Linda Kirkpatrick (President, North America)

Ling Hai (Co-President, International Markets)

Mark Barnett (President, Europe)

Michael Fiore (Executive Vice President, Business Integration & Expansion)

Michael Fraccaro (Chief People Officer)

Raghu Malhotra (Co-President, International Markets)

Raj Seshadri (President, Data & Services)

Raja Rajamannar (Chief Marketing & Communications Officer and President, Healthcare)

Ron Green (Chief Security Officer)

Sachin Mehra (Chief Financial Officer)

Shamina Singh (Founder and President, Mastercard Center for Inclusive Growth and Executive Vice President, Sustaianability)

Sherri Haymond (Executive Vice President, Digital Partnerships)

Timothy Murphy (Chief Administrative Officer)

Recognition and Awards
Fortune's World's Most Admired Companies: Mastercard consistently features in Fortune's list of the World's Most Admired Companies. This recognition highlights the company's strong reputation, financial performance, and commitment to innovation. Forbes' World's Most Valuable Brands: Forbes regularly includes Mastercard in its list of the World's Most Valuable Brands. This acknowledgment underscores the company's brand strength, market position, and ability to deliver value to its stakeholders. Fast Company's Most Innovative Companies: Mastercard has been recognized multiple times by Fast Company as one of the Most Innovative Companies. The company's focus on digital payments, security solutions, and partnerships with technology firms has positioned it as a leader in driving innovation within the financial industry. Ethisphere's World's Most Ethical Companies: Mastercard has consistently been recognized as one of the World's Most Ethical Companies by Ethisphere. This accolade reflects the company's commitment to ethical business practices, corporate social responsibility, and sustainability initiatives. Global Finance's Best Financial Innovation Awards: Mastercard's innovative solutions and contributions to the financial industry have been acknowledged by Global Finance's Best Financial Innovation Awards. The company has received recognition in various categories, including digital payments, mobile banking, and fraud prevention. BrandZ Top 100 Most Valuable Global Brands: Mastercard has consistently ranked among the top global brands in Kantar's BrandZ annual report. This recognition showcases the company's brand value, consumer perception, and market relevance. Payments Awards: Mastercard has received numerous accolades at the Payments Awards, an event that celebrates excellence and innovation in the payments industry. The company has been recognized for its payment technologies, mobile solutions, and commitment to enhancing the customer experience.

Products and Services

Credit Cards: Mastercard provides a variety of credit card options that cater to different customer needs and lifestyles. These cards offer convenience and security for making purchases at millions of locations worldwide. Mastercard credit cards often come with features like rewards programs, travel benefits, cashback offers, and enhanced security measures.

Debit Cards: Mastercard debit cards enable users to access funds directly from their bank accounts. These cards are widely accepted and can be used for in-store and online purchases, as well as ATM withdrawals. With Mastercard debit cards, customers can enjoy the convenience of making payments without carrying cash.

Prepaid Cards: Mastercard prepaid cards allow users to load a specific amount of money onto the card, which can be spent wherever Mastercard is accepted. These cards are a convenient and secure alternative to cash, and they can be used for various purposes, including budgeting, travel, and gifting.

Payment Solutions: Mastercard offers innovative payment solutions to businesses and merchants, enabling them to accept electronic payments securely and efficiently. These solutions include point-of-sale (POS) terminals, mobile payment technologies, online payment gateways, and virtual wallets like Masterpass. By adopting Mastercard's payment solutions, businesses can enhance the customer experience and streamline their payment processes.

Data and Analytics: Mastercard leverages its vast network and expertise to provide data-driven insights and analytics to businesses and governments. Through its transaction data, Mastercard can help businesses gain valuable insights into consumer behavior, market trends, and economic indicators. These insights enable businesses to make informed decisions and develop effective strategies.

Security and Fraud Protection: Mastercard is committed to ensuring the security and protection of cardholders' transactions. The company employs advanced security technologies, such as tokenization and biometric authentication, to safeguard against fraud and unauthorized access. Mastercard also provides tools and resources to help customers monitor and manage their account security.

Financial Inclusion Initiatives: Mastercard is actively involved in promoting financial inclusion and empowering underserved communities. The company collaborates with governments, NGOs, and financial institutions to provide digital payment solutions and financial services to individuals who lack access to traditional banking services. These initiatives aim to promote economic growth, empower individuals, and drive social progress.



Leadership team

Ajay Bhalla (President, Cyber and Intelligence Solutions)

Andrea Scerch (President, Latin America and the Caribbean)

Ari Sarker (President, Asia Pacific)

Carlo Enrico (President, Latin America and Caribbean)


Financial and Banking

Products/ Services
Credit cards, payment systems, financial services
Number of Employees
1,000 - 20,000
2000 Purchase St, Purchase, NY 10577, United States
Company Type
Public Limited Company
Company Registration
SEC CIK #0001136126
Above - 1B
Traded as
Social Media

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