mcard pres
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Timeline
• 1966: founded• 1997: “Priceless” advertising campaign begins• 2006: IPO• 2010: MasterCard Labs established• 2013: MasterPass introduced
Secret Sauce
• Consider themselves a Technology Company• Vision: the next Google or Amazon• Ex: new technology center opened in Manhattan• CEO Ajay Banga:
Comparison (2013)
Visa• Market Cap: $133 Billion• $2.3 Trillion transactions• 254 Million US credit cards• Accepted in 170 countries• 7% increase in global payments• Projected growth by 2018: 37%
MasterCard• Market Cap: $88 Billion• $1.1 Trillion transactions• 178 Million US credit cards• Accepted in 210 countries• 11% increase in global payments• Projected growth by 2018: 48%