Mastercard

Mastercard Inc., formerly known as MasterCard Worldwide or MasterCard Incorporated, is an international payment system and transnational financial corporation that brings together 22,000 financial institutions in 210 countries worldwide. The company’s main headquarters are located in Westchester County, New York, USA. Founded in 1966, Mastercard has since grown to become a global leader in the financial industry.

Mastercard’s primary business worldwide revolves around processing payments between acquiring banks, which serve merchants, and issuing banks or credit cooperatives that provide debit and credit cards branded as “Mastercard” for transactions. The company facilitates seamless transactions across borders, enabling individuals and businesses to conduct secure and efficient financial transactions globally.

In addition to its core payment processing business, Mastercard offers a wide range of financial services and innovative solutions, including digital payments, cybersecurity, and data analytics. The company continually invests in cutting-edge technology to enhance its services and stay ahead of evolving market trends.

As of 2021, Mastercard reported a net profit of $8.7 billion and revenue of $18.9 billion.

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