Glossary
MasterCard
MasterCard is a global financial services corporation that functions primarily as an association of various financial institutions. It plays a dual role in the financial ecosystem: issuing cards and facilitating the acceptance of these cards for payment. MasterCard provides a wide array of payment card products, including credit, debit, and prepaid cards, which are issued to both consumers and businesses through its member institutions.
MasterCard plays a critical role in the global financial landscape by providing secure and efficient payment solutions that facilitate commerce and benefit a wide range of stakeholders, from individual consumers to large corporations. Its vast network and innovative payment technologies make it a key player in advancing how people and businesses handle monetary transactions worldwide.