TOP 100 COMPANIES
3
Mastercard
Founded in 1966
CEO: Michael Miebach
htps mastercard:/ com. www htps company mastercard:/ linkedin. /
Mastercard is the world’ s second-largest payment-processing corporation. The financial behemoth offers a range of transaction and related payment services. Processing the payments between a merchant’ s bank and the banks of consumers, Mastercard processes billions of different transactions daily. Today, the payments processors aim to reshape the digital economy so individuals, financial institutions, businesses and even governments can realise their ambitions. Based in New York, Mastercard has seen major growth since its founding in 1966.
In recent times, the payment processor has expanded its mobile contactless payments programme, expanding into new markets, including the Middle East. The company has made numerous strategic acquisitions in multiple markets too, including Australian reward programme manager company PinPoint in 2014,
as well as Vocalink, Finicity, Ekata, and CipherTrace, all of which have expanded Mastercard’ s range of payment flows. And in 2021, Mastercard created a calculator to gather information and measure the carbon footprints of customers, helping clients know their personal contributions to global warming. Mastercard also banned card issuance in Russia following its invasion of Ukraine in 2022, forgoing 4 % of its global revenue in support of Ukraine.
Today, Mastercard is led by CEO Michael Miebach, whose mission is to take the company into the next era of digitisation. He has led Mastercard’ s strategy over the past decade as it moves away from its reliance on a consumer card-centric business, to focus on new payment methods, including real-time payments, open banking and digital identity amid other value-added services. Miebach also sits on the US Treasury Advisory Committee on Racial Equity and aims to channel racial equity drives through Mastercard to address disparities for communities of colour in financial ecosystems.
Payments United States
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