This morning, Mastercard announced its financial results for the first quarter of 2018. Our teams delivered a strong start to the year, with net revenue growing 27 percent on a currency-neutral basis. Our underlying fundamentals were also solid, with volumes up double-digits in most markets and cross-border volume growing 21 percent. During our investor call, …
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Imagine that you’re a business owner whose day-to-day running of the business depends on depositing and pulling out funds on a regular basis. But because you are located fifty miles away from the nearest bank, you spend a considerable part of your life traveling for miles just to do a simple transaction. Not only is …
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Garry Lyons to Lead New Venture Providing Services to Mastercard, Its Customers and Partners PURCHASE, N.Y. – March 7, 2018 – Mastercard today announced the integration of its physical and digital payments teams under one organization, effective April 2, 2018. This change comes as Garry Lyons departs the company to launch a new technology initiative …
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Acquisition to drive cash displacement and innovation in emerging markets Johannesburg, South Africa – March 6, 2018 – Mastercard has completed its acquisition of mobile payments technology company Oltio from Standard Bank Group. The acquisition builds on Mastercard’s longstanding relationship with Oltio, a startup that pioneered and patented several mobile payments and banking solutions, including an …
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Mastercard* and MegaFon have presented two joint initiatives at the interface between telecommunications and banking technologies at Mobile World Congress 2018 held in Barcelona from February 25 through March 1. Starting from March 1, MegaFon’s subscribers will be offered an opportunity to link their mobile phone account to Apple Pay or Samsung Pay by creating …
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