Mastercard is a Publicly Owned company headquartered in the United States. Founded in 1966, the company employs approximately 29,680 individuals and reported $32.8B in revenue as of 2025. Mastercard specializes in IT Services and IT Consulting, functioning as a global payment provider.
On August 20, Rain launched the Agentic Payments Alliance (APA), a coalition of 26 founding members including Mastercard, Visa, and Fiserv, to define standards for agentic commerce. On the same day, Mastercard appointed Yasemin Bedir as president of its Eastern Europe, Middle East, and Africa (EEMEA) region, effective September 1, 2026. Bedir, with nearly two decades at Mastercard, will oversee operations across 81 countries within the expanded EEMEA region. Earlier on August 20, analyst Howard Lindzon highlighted Mastercard and Visa's strong performance as public fintech firms, contrasting it with broader venture capital investment trends in the sector. Previously, Mastercard announced the launch of its Pay Local solution in Nepal, in partnership with MOCO, a card-based digital wallet and unified QR payment platform. This allows international visitors to use existing Mastercard credit and debit cards for digital payments at NepalPay and Fonepay QR code merchants nationwide.
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