Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.
Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners. The company partners with banks, fintechs, payment processors and retailers to embed Mastercard’s capabilities into consumer-facing products and B2B payment solutions, and it invests in technologies and partnerships aimed at expanding digital payment acceptance and inclusion.
Mastercard traces its origins to the Interbank Card Association formed in 1966 and later evolved into the Mastercard-brand network. The company is headquartered in Purchase, New York, and maintains operations worldwide to support its global network and local market needs. Leadership has emphasized innovation and collaboration with ecosystem partners to address trends such as digital wallets, real-time payments and enhanced security standards.
Michael Miebach has served as Mastercard’s Chief Executive Officer since 2021, following leadership that included Ajay Banga, who was CEO in the 2010s. Under current management, the company continues to focus on expanding its technology platforms, supporting cross-border commerce, and developing services that help clients reduce fraud, streamline payment flows and leverage payments data for insights.