Mastercard - Something that money can't fulfil

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Money is a very important character in today's world. But being cashless is a trend too. Before it was difficult for the people to roam around here and there without money. But now things are changing. People usually go here and there cashless making the most out of it.

Mastercard is a technology company. It is enabling people to enjoy financial freedom. It is empowering people everywhere. Secured and simple shoppings are always made with the help of Mastercard. Dreams are no more dreams now. It is changing into reality. Read the Mastercard success story below.

Mastercard - Company Highlights

Startup Name Mastercard
Headquarters Purchase, Harrison, New York, US
Sector IT
Founder Wells Fargo
Founded 16 December 1966, US
Website mastercard.co.in

Mastercard - About
Mastercard - History
Mastercard - Founders and Team
Mastercard - Tagline, Slogan And Logo
Mastercard - Business Model
Mastercard - Revenue Model
Mastercard - Funding And Investors
Mastercard - Growth
Mastercard - Competitors
Mastercard - Future Plans

Mastercard - About

Mastercard is an American multinational financial services company. The job of the company is to help consumers make payments between the bankers and the purchasers. This is only applicable to the people who are having 'Mastercard' branded cards such as credit cards, debit cards and prepaid cards for the purchases. From the year 2006, it is a publicly-traded company.

Mastercard - History

Between 1960 to 1966, the United States only had 10 credit cards. But again from 1966 to 1968, the country saw around 440 credit cards. Those were introduced by both small and large banks. In the year 1966, Interbank brought a new brand. 'Master Charge' was the name. The same year Everything Card was merged with Master Charge. In 1979, 'Master Charge' was renamed as 'MasterCard'. Access card was taken over by Mastercard. After that, the brand retired. In 2002, Europay International got merged with MasterCard International. In the middle of 2006, MasterCard International was renamed as MasterCard Worldwide.

Mastercard - Founders and Team

  • Wells Fargo is a financial services company. It is an American multinational company  headquartered in San Francisco, California.
  • Ajaypal Singh Banga is a business executive. He is the CEO of Mastercard. He completed his education from the University of Delhi and IIM Ahmedabad. The Government of India awarded him with the civilian honour of Padma Shri in 2016.
Ajay Banga, Chief Executive Officer, Mastercard

The tagline of the company is, "There are some things money can't buy. For everything else, there's MasterCard."

Also the current advertising campaign tagline is, "Priceless".

The logo is -

Mastercard Logo

Mastercard - Business Model

The company provides its service to over 210 countries and territories. It avails its service in more than 150 currencies. It has got a similar way of working like Visa. Transactions made by Mastercard have got 4 parties within it. A consumer, his/her bank issuer, a merchant and his/her acquirer bank. An account holder always owns a Mastercard to make the buy with a merchant. Once the transaction is over. The bank issuer pays the cost of the transaction to the acquirer bank. Interchange fees plays a major role here in providing value to the merchants whoever accepts Mastercard payment products.


Ajaypal Singh Banga: Mastercard CEO - Biography
Technology, without any doubt, has undergone unfathomable advancement. The Banking segment forms the bloodline for economies. The role of credit and debit cards in this regard is paramount. While brands like Diners Club, Visa are popular, one cannot discard MasterCard. It is one of the biggest vendo…

Mastercard - Revenue Model

The company doesn't generate any revenue from its interchange fee mentioned above. It gains money from financial institutions like banks who issue cards. They also earn from the transaction fees. Consumers basically do not pay Mastercard directly. Those are paid to the financial institutions. Mastercard is making money by charging those banks. Connectivity fee and a switching fee is charged. Switching fee is charged whenever an approval for authentication is required. The processing fee of the company is increasing almost every day.


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Mastercard - Funding And Investors

Mastercard has got no funding history.

It has made 66 investments till date.

Date Organization Name Funding Round Money Raised
October 21, 2020 Signzy Venture Round $5.4 million
October 8, 2020 Marqeta Corporate Round -
July 22, 2020 Episode Six Series A $7 million
July 15, 2020 Bond Series A $32 million
July 7, 2020 Verestro Corporate Round -
April 23, 2020 AvidXchange Series F $128 million
April 16, 2020 Previse Venture Round $11 million
March 3, 2020 DigiAsia Bios Series B -
February 18, 2020 Enveil Series A $10 million
January 30, 2020 Trust Stamp Corporate Round -

Mastercard - Growth

The company is growing faster. In the year 2018, they collected revenue of around $15 billion. An increase was seen in the next year. In the year 2019, the revenue increased by 20% to 21% more. Whereas Visa saw a growth rate of 11.7%. In the year 2019, Mastercard's sales growth was 12.2% and Visa's sales growth was 11.5%. Mastercard is now in a partnership with Apple. More growth will be seen as the new card won't be having any numbers on it. Security is ensured here for its consumers.

Mastercard - Competitors

The top competitors of the company are Visa, American Express and Discover.

  • Visa is the biggest rival of Mastercard. It was founded in the year 1958. It is headquartered in Foster City, California. The company collects more revenue than Mastercard.
  • American Express is one of the top competitors of Mastercard. It is headquartered in New York. The company was founded in the year 1850. It has got more employees than Mastercard and generates 245% of Mastercard's revenue.
  • Discover is also one of the top competitors of Mastercard. The company was founded in 1985. It is headquartered in Carol Stream, Illinois.

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Maybe you have started a new business or startup and you are wondering how to accept credit card payments from your customers. Or maybe you have an established business but haven’t yet made arrangements to accept credit card payments but now you want to. The process can seem to be difficult if you …

Mastercard - Future Plans

The company is aiming towards diving into cross border transactions as well. The stock of the company is up by 47% from 23rd March 2020. It has plans to own a banking company. It specializes in data aggregation worth $825 billion. Consumers are thinking about the cash to bring the concept back. But there are few people who want things to remain digitized. In a press release, Mastercard revealed that open banking is a new growing trend and it is super important for them. By acquiring Finicity, Mastercard will not have to update their own open banking strategy.

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About Purbalee Dutta

I am a content writer. Delivering information about various companies is my supreme goal. I write in a way which makes me as well as my audiences feel a unique connection.
  • Siliguri, West Bengal
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