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ISIN code: US57636Q1040
Sector: Finance
Industry: Financing/Rental/Leasing
Le actions of Mastercard are listed on the NYSE index under the ticker MA.
View the stock's NYSE listing history
Company Description
Mastercard Inc. is an American multinational company operating in the financial sector. Mastercard is involved in payment services and facilitating electronic funds transfers around the world. Its primary activity is to process payments between merchant banks and card-issuing banks that use “Mastercard” branded debit, credit and prepaid cards to make purchases.
Mastercard, together with the rival Visa, are the leaders in the payments industry.
It is headquartered in Purchase, New York. Global Operations Headquarters is located in O'Fallon, Missouri.
It has about 21.000 employees.
Mastercard's business is divided into two areas: sale of payment instruments and provision of services.
The brand of debit cards Teacher and the interbank circuit cirrus.
More brand owned by the company are: Mondex, Masterpass, Ciphertrace, AIIA, Brighterion, C-Sam, Ekata, Finicity, Loyaltree.
Mastercard has been listed on the New York Stock Exchange on the NYSE index since 2006. The initial IPO provided for 46% of the shares with voting rights. Before going public, Mastercard was a cooperative owned by more than 25.000 financial institutions. Mastercard Inc. donated 13,5 million shares, with an initial expected value of $600 million to a newly created independent charitable foundation called MasterCard Foundation. Mastercard Foundation shares are restricted and non-saleable for at least 21 years.
I main shareholders of Mastercard are:
- The MasterCard Foundation, 10,9%
- Vanguard Group Inc, 7,19%
- Blackrock Inc, 6,81%
- Hotchkis & Wiley Capital Management LLC. 4.92%
- State Street Corporation, 3,49%
- FMR LLC. 2.97%
- T. Rowe Price Associates, 2,67%
- JP Morgan Chase & Company 2,04%
- Morgan Stanley, 1,93%
- Capital Research Global Investors, 1,82%
- Third Point, 1,53%
- Geode Capital Management, LLC, 1,46%
Il turnover in 2020 it was $15,3 billion for a net income of $6,41 billion. The majority of revenue (about 64%) comes from revenues outside the United States.
The tagline is «There are things you can't buy, for everything else there is Mastercard».
Economic and financial analysis of the company
Mastercard was born as Interbank Card Association (ICA) in 1966 following an alliance of several regional bank card associations in response to the Bank Americard (the current Visa) issued by Bank of America. The original name was used until 1969; later took the name of Master Charge up to 1979.
Since 1979 it has taken its current name.
In 1968 a strategic alliance between ICA and Eurocard, allowed both systems access to their respective markets.
In the XNUMXs, Mastercard became the first payment card issued in the People's Republic of China and was the first company to introduce a laser hologram on its cards.
At the beginning of the nineties, Mastercard, in collaboration with Europay International, Launches Teacher, the first international online debit card program.
In 1997 the famous advertising campaign was launched “Priceless” which will make the company's slogan iconic.
In 2001 he launched Mastercard Advisors, an international professional services organization focused solely on payments.
In 2002 MasterCard International merged with Europay International, a circuit in which Eurocard entered in 1992 and becomes a private capital company.
In 2006 the company reorganised. MasterCard International change to MasterCard Worldwide to suggest a more global idea. He decides to enter the Stock Exchange by listing on the NYSE index of New York, selling 95,5 million shares at $39 each.
In 2008 the activities of Mastercard Europe and Europay France.
In August 2010, it acquires datacash, prepaid card program management division of Travelex (Access Prepaid).
Other operations lead to the acquisition of several companies such as Orbiscom, Trevica and Truaxis.
In March 2012, it expands its mobile contactless payments program.
In 2014, it acquires Pinpoint, Australia's leading rewards program management company. He begins to collaborate with Apple Lossless Audio CODEC (ALAC), for the development of Apple Pay, allowing for easier use of Mastercard cards.
It is launched Masterpass, a digital payment service that securely stores card information and acquires businesses Provus, C-Sam and 5one.
In 2016 there was a new rebranding. Il name is officially changed from MasterCard to Mastercard.
In July 2016 he bought the English company Vocalinks.
Acquired, in 2017, brighterion, a company that provides a portfolio of artificial intelligence and machine learning technologies.
In 2017 completes the acquisition of NuData.
In May 2021 Mastercard has a market capitalization of $367,1 billion.
The company was ranked 13th in the list of most trusted brands by Morning consult of 2021.
The latest news about Mastercard
Visa and Mastercard aim to increase credit card fees in the US, but in Italy….
As reported by the Wall Street Journal, credit card issuing banks and their network partners are ready to increase the fees applied to merchants in the US as early as October
Unicredit and Mastercard expand the partnership on payments
Agreement extends to 13 banks in 12 markets and all payment card products, for a total of 20 million cards
Sustainability: Mastercard and Nexi launch the carbon calculator to find out the environmental impact of purchases
The integration of Mastercard's carbon calculator within Nexi's new Planet Care service will allow consumers to monitor the impact of their purchases
PostePay and Mastercard launch Request to Pay: the new service for digitizing payments
It is called "Request to Pay" and allows you to request payment for a good or service in real time and in digital mode. Here are the details
Visa and Mastercard suspend transactions in Russia. No withdrawals or payments after the war in Ukraine
Visa and Mastercard cards issued in Russia will no longer be usable. Cards issued elsewhere will also not work within the federation