What is Mastercard?

Mastercard is a global financial services company that provides payment solutions to consumers, businesses, and governments around the world. It is a multinational corporation that processes transactions between banks and merchants, allowing customers to use Mastercard-branded credit, debit, and prepaid cards to make purchases or withdraw cash from ATMs. The company was founded in 1966 and has its headquarters in New York, USA. Today, Mastercard operates in over 210 countries and territories and is one of the largest payment networks in the world.