“The headline,” Mastercard CEO Michael Miebach said, “is that consumer spending is resilient and cross-border travel continues to recover.” During the payment network’s third quarter earnings call on Thursday (Oct. 27), Miebach took note of the foundations of that resilience: Unemployment remains low, wages are...
Americans have made double-digit increases in their spending on travel, fuel and convenience, electronics and restaurants over the last year, Mastercard reported Friday (Oct. 7) in a press release about the latest Mastercard SpendingPulse. Overall U.S. sales excluding auto gained that much as well, with...
Aiming to help small- to medium-sized business (SMB) owners enhance their operations and boost their digital capabilities, Mastercard has announced several new and expanded benefits available to its SMB cardholders in the United States. In three new partnerships, cardholders can now access a variety of...
A new 3% purchase-price charge from Mastercard when customers use a new installment-payment plan has angered some retailers, a Bloomberg report said, which notes that retailers will be enrolled in the program automatically but will be able to withdraw. While some retailers have objected to...
Mastercard is leading an effort to make Web3 and cryptocurrency more accessible to women and nonbinary people through The Belle Block, a community focused on educating them on the technologies and their capabilities, according to a company press release Thursday (June 23). The Belle Block...
With travel and travel spending on the rise, Mastercard is expanding its travel and lifestyle platform, the company announced Thursday (June 23). According to a news release, the expansion comes in the form of new services that include a partnership with WhatsApp, COVID-19 alerts, and...
Mastercard is launching its first music album in collaboration with producer Timbaland’s music creator platform Beatclub that features 10 songs by 10 international artists. The album “Priceless” was unveiled on Wednesday (June 22) at the five-day Cannes Lions Festival of Creativity in Cannes, France, which running...
If there’s a universal experience in everyday financial life, it lies with bill payments. And yet, although we’ve all gone online, most of us have written checks and measured cash flow versus what’s owed — and the experience is fragmented at best and friction-filled at...
After Mastercard pulled out of Russia in March and was banned from issuing new cards in India last year, the company sees Southeast Asia and Latin America as targets for growth, company Co-President for International Markets Ling Hai told the Reuters Global Markets Forum Thursday...
