Overview
Description
Mastercard Inc. Depositary Receipt represents ownership in the financial services company Mastercard Incorporated, which provides innovative payment solutions. As a primary function, it issues credit, debit, and prepaid cards, facilitating electronic payment transactions for consumers, businesses, and institutions worldwide. Mastercard plays a pivotal role in the global payments ecosystem, impacting sectors such as retail, e-commerce, travel, and corporate services.
These depositary receipts allow investors to access Mastercard's shares without direct ownership, providing a convenient way to gain exposure to one of the leading players in the financial technology sector. Operating through partnerships with financial institutions, Mastercard processes billions of transactions annually, leveraging its network to offer secure and efficient payment solutions.
Mastercard's significance in the market is underscored by its extensive global network and continuous innovation in digital payments, contributing to the growing shift towards cashless societies. As businesses and consumers increasingly adopt electronic payments, Mastercard Inc. remains integral to the technological advancements in financial services.
About
CEO
Mr. Michael Miebach
Employees
35300
Address
2000 Purchase Street
Purchase, 10577, NY
United States
Purchase, 10577, NY
United States
Phone
914 249 2000
Website
Instrument type
Common stock
Sector
Financial Services
Industry
Credit Services
Country
Canada
MIC code
NEOE