Today is a big day for MasterCard, and I’m hoping that when we look back ten years from now, we will recognize it as an even bigger day for financial inclusion globally. Why? Because today we are announcing the launch of the “MasterCard Labs for Financial Inclusion.” In the same year that MasterCard was named …
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Today marks an exciting milestone for us and for Africa as we launch the MasterCard Labs for Financial Inclusion, which is not only the first MasterCard lab to be based on the continent, but the first lab to focus on financial inclusion. In Africa, there is an urgent need to speed up the creation of …
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Earlier today, we announced our third quarter earnings, delivering strong results despite a mixed economy. In this most recent quarter, we reported net revenue growth of 13 percent, driven by a double-digit increase in both gross dollar volume and processed transactions. And, we saw net income increase by 15 percent, while earnings per share were …
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This week the European Court of Justice in Luxembourg will make its final judgment in a long running court case on our cross-border interchange fees within Europe. Although it will undoubtedly make the news, what will the ruling actually mean in practice? A lot has happened since this process began with a European Commission anti-trust …
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