How Mastercard Is Trying to Put Cash Out of Business [Fortune]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Fortune
How Mastercard Is Trying to Put Cash Out of Business Mastercard Today, cash is used in roughly 85% of payment transactions globally, according to Shamina Singh, executive vice president of sustainability at Mastercard. While swiping a card or scanning a mobile app are more popular payment methods in the United States, cash still accounts for 30% of U.S. transactions. “It really opens up from the business perspective a runway of opportunity, if cash is your competitor instead of any other payment company,” Singh says on the latest episode of Fortune’s “Balancing the Ledger.” That’s what drove Singh in 2013 to create Mastercard’s Center for Inclusive Growth, of which she serves as president. The initiative aims to bring 500 million people without access to financial services—many of whom rely solely on cash—into the digital economy. So far, for example, Mastercard has implemented QR codes in emerging markets such as India, so that all merchants need in order to accept payment is a mobil
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MA
Earnings
- 5/1/24 - Beat
MA
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- 5/10/24 - Form 4
- 5/10/24 - Form 144
- 5/10/24 - Form 4
- MA's page on the SEC website