Mastercard Mission Statement

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Before 2006, MasterCard was owned by a banking firm, a group of banks that came together to form an alliance. In 2006, Robert W. Selander made a public announcement that Mastercard was going public on the NYSE so that they could build value for both their customers and shareholders. Since then, Mastercard has been publicly traded. In January 2021, Michael Miebach took over from Ajay Banga as CEO of Mastercard.

Mastercard’s mission is “to connect and power an inclusive digital economy that benefits everyone, hong kong whatsapp number data everywhere by making transactions safe, simple, smart and accessible. Through secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company.”

How Mastercard Works
Mastercard is a payment medium that involves several scenes and players. First of all, who are the players? The players are the acquirer, the issuer, and Mastercard. The acquirer is also called the merchant bank. As a financial institution, Mastercard licenses merchant banks to accept Mastercard. Issuers can be banks, savings and loans, credit unions, retailers, or governments that issue credit or debit cards to consumers or businesses. Mastercard’s role is to provide the technology and network through which the transactions will be made.