Sami Lahoud, Vice President – Communications, Middle East and Africa for MasterCard shares his insights into financial inclusion at the World Economic Forum on Africa: This week, MasterCard joins more than 1,000 business leaders, heads of state and government, as well as representatives from academia, development organizations, non-profits and media in Abuja, Nigeria for the 24th
Research released today by MasterCard has shown that despite believing handling cash, bank notes or coins to be unhygienic and dirty, only one in five wash their hands after holding it. The European wide study of over 9,000 consumers from 12 countries highlighted how despite being ranked as more unhygienic than hand rails on public
MasterCard Incorporated has announced financial results for the first quarter of 2014. The company reported net income of $870 million, up 14%, and earnings per diluted share of $0.73, up 18%, in each case versus the year-ago period. Net revenue for the first quarter of 2014 was $2.2 billion, a 14% increase versus the same
MasterCard gas announced the New Zealand launch of its ground-breaking digital payments technology MasterPass. MasterPass is the digital platform from MasterCard that gives shoppers a seamless, secure and speedy checkout – regardless of where they may be and what device they may be using. MasterPass eliminates the need for consumers to enter detailed shipping and
MasterCard has announced that it has entered into an agreement to acquire Pinpoint Pty. Ltd. (“Pinpoint”) , a leading provider of loyalty and rewards services to financial institutions across the Asia Pacific region. This acquisition is expected to close in the second quarter of 2014. Pinpoint, which was founded in 1984 and headquartered in Sydney,
MasterCard has partnered the Grameen Foundation on AppLab Money, an initiative designed to create mobile financial services products for the unbanked and underbanked in Kenya. The collaboration is aimed at enabling low income communities in Kenya to access innovative financial products, with AppLab Money aiming to take appropriate mobile financial services to communities most in
MasterCard has announced the licensing of Guaranty Trust Bank (GTBank) to issue MasterCard debit, credit and prepaid cards in Kenya. The collaboration is expected to increase the adoption of electronic payments in the country, especially in the retail banking sector. James Wainaina, Vice President and Area Business Head, MasterCard East Africa said: “MasterCard’s vision for
First Data and MasterCard has announced an agreement in which First Data’s STAR Network will participate in MasterCard’s common U.S. Debit EMV solution. This agreement, combined with other recent industry announcements, provides a cost-effective solution and accelerates the ability for EMV functionality to be implemented across the U.S. EMV/ chip cards better protect account information
MasterCard reported a growth of 40% in gross dollar volume, or GDV, for its prepaid card business across Asia/Pacific, Middle East & Africa (APMEA) for 2013 (y-o-y). This strong growth was fuelled in part by significant partnerships announced over the last couple of years in the region, such as: The OneSmart dual-faced loyalty and prepaid
Whether for safety and convenience, innovation, or flat-out hygienic reasons, entrepreneurs and small businesses around the world are embracing cashless technology, and in- turn making life a little bit easier for local consumers and tourists as they travel. From a hotel in Myanmar, a Southeast Asia country where electronic payments were introduced for the first
