Mastercard

Type: Payment Network

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About Mastercard

Mastercard is a global technology company in the payments industry, facilitating electronic payment transactions through its network.

Founded	1966
Headquarters	Purchase, New York, United States
Market share	Mastercard is one of the leading payment networks globally, competing closely with Visa and American Express.
Major competitors	Visa American Express Discover UnionPay
Notable partnerships	Financial institutions like Citibank, JPMorgan Chase, and Bank of America. Technology companies such as PayPal and Square. E-commerce platforms like Amazon and Shopify.
Recent developments	Expansion into digital payment solutions and e-commerce. Acquisitions of fintech companies to enhance service offerings. Initiatives for Central Bank Digital Currency (CBDC) collaborations.
Regulations	Mastercard adheres to local and international financial regulations, working with banks to issue cards.
Security	Unknown
Official website	https://www.mastercard.com